#4 - Welltower (NYSE:WELL)
Healthcare, and particularly senior healthcare, is another megatrend that will be an important driver of investment in REITs. The sobering fact is that the United States is rapidly facing an unprecedented demand for senior care. And right now, there is not enough supply to meet that need.
That's where Welltower Inc. (NYSE: WELL) comes in. The company focuses on providing real estate capital to construct and maintain senior living facilities, including post-acute care providers (step-down facilities) and health systems. It would certainly benefit from lower interest rates as it looks to expand its portfolio.
However, with WELL stock up 59% in the last 12 months, there is some concern that it has several rate cuts priced in. That could be true, but several analysts have been boosting their price targets since the company last reported earnings in July. And even if you have to wait, the company just increased its dividend by approximately 10%, which was the first such increase since it cut the dividend in 2020.
About Welltower
Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
Read More - Current Price
- $137.96
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $116.68 (15.4% Downside)
