BMO Capital analyst Juan C. Sanabria has maintained their bullish stance on WELL stock, giving a Buy rating on July 15.
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Juan C. Sanabria has given his Buy rating due to a combination of factors that highlight Welltower’s strong financial performance and strategic investments. The company reported a significant year-over-year increase in normalized funds from operations per share, surpassing both consensus and internal estimates. This strong performance is supported by robust growth in the same-store net operating income, particularly in the senior housing operating portfolio.
Welltower’s strategic investments and effective use of its balance sheet have positioned it for continued success. The company has completed substantial investments year-to-date, which are expected to drive further growth. Additionally, the increase in guidance for funds from operations signals confidence in sustained performance, making Welltower an attractive investment opportunity according to Sanabria.