Avanza Fonder AB has taken a position in Welltower Inc., suggesting an encouraging sign for the real estate stock.
Welltower has set its Q4 2024 earnings release date and conference call for February 12, well ahead of schedule. Notable
executive and senior leadership team promotions have also been announced. The company's
stock has gained 18.5% over the past 6 months, with firms like Kathmere Capital Management LLC and Oak Thistle LLC making new investments. Welltower also shows strong momentum in the market backed by robust growth in the
senior housing industry. Financial data reveals an operating cash flow per share of $3.48 and capex-to-operating cash flow of 0.02 as of September 2024. The company faced financial challenges, despite strong growth and a $1.2 Billion investment pipeline but still managed
record revenue and strong FFO growth in Q3 2024 earnings. Welltower Inc. was upgraded to buy from hold at Jefferies, followed by a further stake boost as investors flock to Welltower for its healthy dividend yields.
Q3 earnings met analysts’ projections and a dividend analysis shows stability. The company has announced an upsized pricing of $900 Million of exchangeable senior notes. Future plans reveal a record-setting $6.1B investment year targeted at lower-acuity assisted living.
Welltower WELL News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 18 Jan 2025 14:58:31 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -2
