Welltower price target raised to $186 from $170 at Mizuho

Mizuho raised the firm’s price target on Welltower (WELL) to $186 from $170 and keeps an Outperform rating on the shares. The firm noted that senior housing real estate investment trusts are outperforming the U.S. REIT index year to date and believes it can continue. Welltower remains Mizuho’s top pick, and the firm sees continued higher AFFO growth compared to peers and other large cap REITs, which warrants a higher multiple, Mizuho told investors in a research note.