Welltower price target raised to $182 from $181 at Scotiabank

Scotiabank raised the firm’s price target on Welltower (WELL) to $182 from $181 and keeps an Outperform rating on the shares. Welltower is buying real estate that sits well-positioned in hard-to-build Canadian markets, the analyst tells investors in a research note. Recent broker checks also point to Welltower considering a sale of a sizeable medical office building portfolio, which the firm would view positively if executed at a low-6% cap rate to reinvest into the faster-growth Seniors Housing segment.