BMO Capital analyst Juan C. Sanabria maintained a Buy rating on Welltower (WELL – Research Report) today and set a price target of $148.00.
Juan C. Sanabria has given his Buy rating due to a combination of factors including Welltower’s impressive financial performance in the fourth quarter of 2024 and its positive outlook for 2025. The company’s Senior Housing Operating Portfolio (SHOP) demonstrated substantial growth in same-store net operating income (SSNOI), showing a 23.9% year-over-year increase, which exceeded market expectations.
Additionally, Welltower has initiated guidance for the fiscal year 2025 with strong projections, particularly in SHOP occupancy and revenue per occupied room (REVPOR). The guidance for SSNOI also surpassed the low estimates of the buy-side and aligned well with sell-side expectations, indicating a robust operational performance. The company’s healthy balance sheet further distinguishes it in the market, suggesting that its shares are likely to perform well in the near future.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WELL in relation to earlier this year.
