Analyst Juan C. Sanabria of BMO Capital maintained a Buy rating on Welltower, boosting the price target to $200.00.
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Juan C. Sanabria has given his Buy rating due to a combination of factors including Welltower’s strong financial performance and strategic initiatives. The company reported a significant beat in its third-quarter results, with a notable increase in normalized FFO per share and portfolio SSNOI growth, indicating robust operational performance.
Additionally, Welltower’s strategic shift towards senior housing and away from medical office buildings, along with substantial transactional activity, positions it well for future growth. The alignment with select operators through equity stakes and the positive guidance for 2025 further support the optimistic outlook, making the stock an attractive buy.
According to TipRanks, C. Sanabria is a 2-star analyst with an average return of 0.9% and a 50.35% success rate. C. Sanabria covers the Real Estate sector, focusing on stocks such as Brixmor Property, Ventas, and Federal Realty.
In another report released on October 21, Wells Fargo also maintained a Buy rating on the stock with a $200.00 price target.