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Welltower upgraded to Overweight from Neutral at JPMorgan » 05:52
06/22/22
06/22
05:52
06/22/22
05:52
WELL

Welltower

$78.67 /

+1.035 (+1.33%)

JPMorgan analyst Michael…

JPMorgan analyst Michael Mueller upgraded Welltower to Overweight from Neutral with a price target of $89, down from $94. The analyst likes the senior housing revenue momentum that the company is driving via combination of existing resident rate increases and continued occupancy gains. While a weaker housing market and the risk of a recession are "clearly risks to the pace of the senior housing recovery," occupancy momentum actually increased in recent weeks, Mueller tells investors in a research note. The analyst also believes Welltower could continue to be one of the more active capital deployers over the near-term which should be a positive for its intermediate-term growth.

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WELL Welltower
$78.67 /

+1.035 (+1.33%)

WELL Welltower
$78.67 /

+1.035 (+1.33%)

05/20/22 RBC Capital
Welltower price target raised to $100 from $97 at RBC Capital
05/19/22 BofA
Physicians Realty Trust downgraded to Underperform from Neutral at BofA
05/18/22 Credit Suisse
Welltower upgraded to Outperform from Neutral at Credit Suisse
04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
WELL Welltower
$78.67 /

+1.035 (+1.33%)

WELL Welltower
$78.67 /

+1.035 (+1.33%)

WELL Welltower
$78.67 /

+1.035 (+1.33%)

Over a week ago
Hot Stocks
Welltower narrows Q2 EPS view to 22c-25c from 20c-25c » 16:42
06/06/22
06/06
16:42
06/06/22
16:42
WELL

Welltower

$87.14 /

-0.85 (-0.97%)

Additionally, the company…

Additionally, the company now expects to achieve normalized funds from operations in a range of 84c-87c per diluted share as compared to previous guidance of 82c-87c per diluted share. In its Business Update presentation, the company states: "Quarter-to-date SHO portfolio spot occupancy growth of 80 bps is in line with expectations through June 3, 2022 despite the global rise in COVID-19 cases during the quarter. Heading into the peak leasing months, occupancy gains have been broad-based quarter-to-date, increasing 70 bps in the U.S., 80 bps in Canada, and 190 bps in the U.K. Pricing power remains robust with strong recognized renewal rate increases and improving street rates." Reference Link

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WELL Welltower
$87.14 /

-0.85 (-0.97%)

WELL Welltower
$87.14 /

-0.85 (-0.97%)

05/20/22 RBC Capital
Welltower price target raised to $100 from $97 at RBC Capital
05/19/22 BofA
Physicians Realty Trust downgraded to Underperform from Neutral at BofA
05/18/22 Credit Suisse
Welltower upgraded to Outperform from Neutral at Credit Suisse
04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
WELL Welltower
$87.14 /

-0.85 (-0.97%)

WELL Welltower
$87.14 /

-0.85 (-0.97%)

WELL Welltower
$87.14 /

-0.85 (-0.97%)

Over a month ago
Recommendations
Welltower price target raised to $100 from $97 at RBC Capital » 08:00
05/20/22
05/20
08:00
05/20/22
08:00
WELL

Welltower

$87.47 /

-0.655 (-0.74%)

RBC Capital analyst…

RBC Capital analyst Michael Carroll raised the firm's price target on Welltower to $100 from $97 and keeps an Outperform rating on the shares after its Q1 results earlier this month. The analyst states that he remains encouraged by the seniors housing outlook and believes that the company's portfolio recovery combined with accretive investments will help drive mid-teens earnings growth in 2023 and 2024, even though he is cutting his FY22 EPS view by 3c to $3.48 to reflect higher debt costs.

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WELL Welltower
$87.47 /

-0.655 (-0.74%)

WELL Welltower
$87.47 /

-0.655 (-0.74%)

05/19/22 BofA
Physicians Realty Trust downgraded to Underperform from Neutral at BofA
05/18/22 Credit Suisse
Welltower upgraded to Outperform from Neutral at Credit Suisse
04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
WELL Welltower
$87.47 /

-0.655 (-0.74%)

WELL Welltower
$87.47 /

-0.655 (-0.74%)

WELL Welltower
$87.47 /

-0.655 (-0.74%)

Downgrade
Physicians Realty Trust downgraded to Underperform from Neutral at BofA » 07:18
05/19/22
05/19
07:18
05/19/22
07:18
DOC

Physicians Realty Trust

$17.90 /

-0.415 (-2.27%)

, WELL

Welltower

$88.12 /

-1.56 (-1.74%)

, HR

Healthcare Realty Trust

$28.04 /

-0.51 (-1.79%)

BofA analyst Joshua…

BofA analyst Joshua Dennerlein downgraded Physicians Realty Trust (DOC) to Underperform from Neutral with an unchanged price target of $18. His model assumes lower growth going forward given rising interest rates, which are a headwind given that the majority of Physicians Realty's earnings growth is driven by net acquisitions. In addition, Welltower's (WELL) recent bid for Healthcare Realty Trust (HR) suggests little upside versus his net asset value estimate, Dennerlein added.

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WELL Welltower
$88.12 /

-1.56 (-1.74%)

HR Healthcare Realty Trust
$28.04 /

-0.51 (-1.79%)

DOC Physicians Realty Trust
$17.90 /

-0.415 (-2.27%)

DOC Physicians Realty Trust
$17.90 /

-0.415 (-2.27%)

04/26/22 Barclays
Physicians Realty Trust initiated with an Overweight at Barclays
02/28/22 BMO Capital
BMO can't rule out topping bid for Healthcare Trust
02/01/22 Credit Suisse
Physicians Realty Trust initiated with a Neutral at Credit Suisse
01/07/22 BMO Capital
Physicians Realty Trust downgraded to Market Perform from Outperform at BMO Capital
WELL Welltower
$88.12 /

-1.56 (-1.74%)

05/18/22 Credit Suisse
Welltower upgraded to Outperform from Neutral at Credit Suisse
04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
HR Healthcare Realty Trust
$28.04 /

-0.51 (-1.79%)

05/10/22 Berenberg
Healthcare Realty Trust downgraded to Hold from Buy at Berenberg
04/26/22 Barclays
Healthcare Realty Trust initiated with an Overweight at Barclays
02/28/22 Stifel
Healthcare Trust downgraded to Hold from Buy at Stifel
WELL Welltower
$88.12 /

-1.56 (-1.74%)

HR Healthcare Realty Trust
$28.04 /

-0.51 (-1.79%)

DOC Physicians Realty Trust
$17.90 /

-0.415 (-2.27%)

WELL Welltower
$88.12 /

-1.56 (-1.74%)

WELL Welltower
$88.12 /

-1.56 (-1.74%)

HR Healthcare Realty Trust
$28.04 /

-0.51 (-1.79%)

DOC Physicians Realty Trust
$17.90 /

-0.415 (-2.27%)

Upgrade
Welltower upgraded to Outperform from Neutral at Credit Suisse » 05:40
05/18/22
05/18
05:40
05/18/22
05:40
WELL

Welltower

$89.67 /

+0.84 (+0.95%)

Credit Suisse analyst…

Credit Suisse analyst Omotayo Okusanya upgraded Welltower to Outperform from Neutral with a price target of $100, up from $92. The analyst says senior housing should be the key driver to "outsized" earnings growth as occupancy has been steadily climbing since the availability of COVID vaccines in Q1 of 2021 but remains 800 basis points below pre-pandemic levels. This should be a "strong tailwind" for earnings growth and rent growth has also remained strong, Okusanya tells investors in a research note. He believes occupancy is likely to reach pre-pandemic levels by late 2023 and move beyond these levels by 2024 given the demand/supply imbalance that is likely to exist in the next 12-24 months.

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WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

Conference/Events
Welltower management to meet with William Blair » 04:55
05/18/22
05/18
04:55
05/18/22
04:55
WELL

Welltower

$89.67 /

+0.84 (+0.95%)

Meeting to be held in New…

Meeting to be held in New York on May 18 hosted by William Blair.

ShowHide Related Items >><<
WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

WELL Welltower
$89.67 /

+0.84 (+0.95%)

Conference/Events
Welltower management to meet with William Blair » 14:47
05/16/22
05/16
14:47
05/16/22
14:47
WELL

Welltower

$89.06 /

+0.64 (+0.72%)

Meeting to be held in New…

Meeting to be held in New York on May 18 hosted by William Blair.

ShowHide Related Items >><<
WELL Welltower
$89.06 /

+0.64 (+0.72%)

WELL Welltower
$89.06 /

+0.64 (+0.72%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$89.06 /

+0.64 (+0.72%)

WELL Welltower
$89.06 /

+0.64 (+0.72%)

WELL Welltower
$89.06 /

+0.64 (+0.72%)

Earnings
Welltower sees Q2 normalized FFO 82c-87c vs. 82c in Q1 » 16:48
05/10/22
05/10
16:48
05/10/22
16:48
WELL

Welltower

$85.80 /

-1.22 (-1.40%)

The company said,…

The company said, "The degree to which the COVID-19 pandemic continues to impact our operations and those of our operators and tenants, including the variability in the timing of recovery, is dependent on a variety of factors and remains highly uncertain. Accordingly, we are only introducing earnings guidance for the quarter ended June 30, 2022 and expect to report net income attributable to common stockholders in a range of 20c-25c per diluted share and normalized FFO attributable to common stockholders in a range of 82c-87c per diluted share. In preparing our guidance, we have made the following assumptions: Same Store NOI: We expect average blended SSNOI growth of 8.0% to 10.0%, which is comprised of the following components: Seniors Housing Operating approximately 15.0%-20.0%; Seniors Housing Triple-net approximately 7.0%-8.0%; Outpatient Medical approximately 2.0%-3.0%; Health System approximately 2.75%; Long-Term/Post-Acute Care approximately 2.0% to 3.0%. Provider Relief Funds: Our Q2 guidance includes approximately $6M of Provider Relief Funds, which are expected to be received during the quarter. General and Administrative Expenses: We anticipate second quarter general and administrative expenses to be approximately $35M-$37M and stock-based compensation expense to be approximately $6M. Investments: Our earnings guidance includes only those acquisitions closed or announced to date. Furthermore, no transitions or restructures beyond those announced to date are included. Development: We anticipate funding approximately $673M of development in 2022 relating to projects underway on March 31. Dispositions: In addition to dispositions and loan payoffs completed in the first quarter, we expect pro rata disposition proceeds and loan payoffs of $352M at a blended yield of 6.8% in the next twelve months. This includes approximately $265M of expected proceeds from properties classified as held-for-sale as of March 31 and $87M of expected proceeds from loan repayments.

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WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

Earnings
Welltower reports Q1 normalized FFO 82c, consensus 82c » 16:45
05/10/22
05/10
16:45
05/10/22
16:45
WELL

Welltower

$85.80 /

-1.22 (-1.40%)

Reports Q1 revenue…

Reports Q1 revenue $1.39B, consensus $1.35B. Reports total portfolio same store NOI growth of 8.9%, driven by year-over-year SSNOI growth in our SHO portfolio of 18.4%. Guidance assumed SSNOI growth of 7.0% and 15.0% for the total portfolio and SHO portfolio, respectively.

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WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

Hot Stocks
Welltower expands partnership with Oakmont Management Group » 16:36
05/10/22
05/10
16:36
05/10/22
16:36
WELL

Welltower

$85.80 /

-1.22 (-1.40%)

Welltower announced the…

Welltower announced the deepening of its strategic partnership with Oakmont Management Group, a leading West Coast operator of Class A communities focused on specialized resident health and wellness programming. The company has agreed to purchase seven senior living communities, subject to customary closing conditions, which Oakmont will operate under an aligned RIDEA 3.0 contract. The seven properties are located in affluent markets in California and include four rental properties and three continuing care retirement communities, including Fountaingrove Lodge, the nation's first LGBTQ and Friends-focused CCRC. The portfolio has geographic overlap with the Company's current footprint, which is expected to result in cost saving and revenue enhancement opportunities by leveraging Oakmont's operating acumen and marketing efforts. Additionally, three of the traditional rental communities opened in 2021 and are anticipated to generate significant occupancy, margin, and cash flow growth in 2023 and beyond. The total investment will be approximately $344M and is expected to generate a high-single-digit unlevered IRR. The transaction is anticipated to be funded through cash on hand and the issuance of operating partnership units. Following this transaction, the Welltower-Oakmont partnership will comprise 22 assets across highly-desirable micro markets in California with an additional three properties in development.

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WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

04/27/22 Deutsche Bank
Welltower price target raised to $108 from $103 at Deutsche Bank
04/04/22 Scotiabank
Welltower upgraded on seniors housing demand pickup at Scotiabank
04/04/22 Scotiabank
Welltower upgraded to Outperform from Sector Perform at Scotiabank
03/21/22 Mizuho
Welltower price target raised to $96 from $94 at Mizuho
WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

WELL Welltower
$85.80 /

-1.22 (-1.40%)

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