Welltower Inc. (WELL) is a Buy on Senior Housing Focus and Strong Financial Performance: BMO Capital

Welltower Inc. (NYSE:WELL) is one of the must-buy US stocks to buy now. On October 28, BMO Capital Markets analyst Juan Sanabria reiterated a Buy rating on Welltower Inc. (NYSE:WELL) stock and a $200 price target. The positive stance is in response to the company’s strong financial performance and strategic initiatives.

The company delivered solid third-quarter results characterized by growth in normalized funds from operations per share. The results underscored robust operational performance, prompting it to raise guidance above consensus estimates. In addition, the research firm has echoed the company’s transition towards senior housing and away from medical office buildings.

The company has increased the concentration of senior housing to 72% of in-place net operating income, from 59%. The research firm expects the move, combined with substantial transactional activity, to position Welltower for future growth.

On the same day, Morgan Stanley analyst Ronald Kamdem reiterated a Buy rating and a $170 price target. The bullish stance comes amid expectations that robust performance in the senior housing operating segment, along with $23 billion in investment activities, affirms strategic initiatives.

Welltower Inc. (NYSE:WELL) is a real estate investment trust (REIT) that owns and manages a portfolio of properties for seniors and health-related services, including senior housing communities and outpatient medical buildings. The company focuses on transforming healthcare infrastructure by investing in senior housing operators, post-acute care providers, and health systems to improve health outcomes.

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Disclosure: None. This article is originally published at Insider Monkey.