UPDATE: BMO Capital Upgrades Welltower, Inc. (WELL) to Market Perform

June 25, 2021 5:54 AM EDT
Get Alerts WELL Hot Sheet
Price: $86.86 -0.99%

Rating Summary:
    10 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 25, 2021 7:45 AM EDT)

BMO Capital analyst John Kim upgraded Welltower, Inc. (NYSE: WELL) from Underperform to Market Perform with a price target of $90.00 (from $80.00).

The analyst comments "We upgrade WELL shares to Market Perform (target to $90). Although WELL trades at a premium, management is astutely utilizing its cost of capital executing on attractive external growth ($3.2B YTD) at a compelling basis, augmenting core growth that's enhanced by development with a solid balance sheet. While not inexpensive, WELL's multiple is working in its favor, as it's able to aggressively drive accretive external growth (e.g., Holiday ~3% earnings accretive). Amidst market dislocation, we see continued opportunities to drive the virtuous external growth circle with earnings upside from acquisition."

For an analyst ratings summary and ratings history on Welltower, Inc. click here. For more ratings news on Welltower, Inc. click here.

Shares of Welltower, Inc. closed at $83.46 yesterday.

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