RBC Capital raised the firm’s price target on Welltower (WELL) to $230 from $207 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company is a leader in the seniors housing space, and due to its recent portfolio restructuring and tech investments, remains well positioned to capitalize on the strong fundamental backdrop, the analyst tells investors in a research note. RBC adds its price target is supported by expectations that AFFO should expand at a 17% CAGR through 2031.
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