Connor Siversky, an analyst from Wells Fargo, maintained the Buy rating on Welltower (WELL – Research Report). The associated price target is $97.00.
Connor Siversky has given his Buy rating due to a combination of factors surrounding Welltower’s recent performance and future growth prospects. The company’s fourth-quarter funds from operations (FFO) surpassed estimates and aligned with adjusted funds from operations (AFFO) expectations, suggesting a stable financial position. Furthermore, the guidance for the following year indicates significant growth potential, bolstered by both internal performance and external growth opportunities. These elements, combined with the current valuation, make Welltower an attractive investment according to Siversky’s analysis.
The report also highlights the positive trajectory of Welltower’s Senior Housing Operating (SHO) portfolio, which has shown impressive occupancy rates and revenue growth. This performance is expected to continue, supported by favorable demographic trends and a lack of new supply entering the market. Additionally, Welltower’s recent investments and the potential for further acquisitions, given the company’s cost of capital advantage, suggest that it could outperform its current cash flow guidance. These aspects contribute to Siversky’s optimistic outlook for Welltower’s stock and his recommendation to buy.
According to TipRanks, Siversky is an analyst with an average return of -1.4% and a 43.69% success rate. Siversky covers the Real Estate sector, focusing on stocks such as Omega Healthcare, Agree Realty, and Welltower.
In another report released on January 29, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $115.00 price target.
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Welltower (WELL) Company Description:
Ohio-based Welltower, Inc. is a real estate investment trust that invests in senior housing, assisted living and memory care communities, post-acute care facilities, and medical office buildings. It also owns hospitals and other healthcare properties outside of the United States.
Read More on WELL:
- Welltower Reports Fourth Quarter 2023 Results
- Welltower Announces Planned Acquisition of $1.0 Billion Affinity Active Adult Portfolio and Formation of Long-Term Strategic Partnership
- WELL Upcoming Earnings Report: What to Expect?
- Welltower initiated with a Buy at Deutsche Bank
- Welltower price target raised to $96 from $94 at Scotiabank
