Ventas, Welltower Have New Growth in Senior Housing Portfolios: Analyst Says What's Next
Portfolio Pulse from Priya Nigam
Wedbush analyst Richard Anderson has upgraded the rating for Ventas, Inc. (NYSE:VTR) from Neutral to Outperform, raising the price target from $44 to $51. Anderson maintained a Neutral rating for Welltower Inc (NYSE:WELL), but raised the price target from $83 to $90. Both companies are seeing growth in their senior housing portfolios. In Q3 2023, both companies saw over 100bps of sequential occupancy increases, pushing up margins and overall net operating income growth.
November 07, 2023 | 4:57 pm
News sentiment analysis
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NEUTRAL IMPACT
Welltower Inc maintains a Neutral rating from Wedbush, but the price target has been raised from $83 to $90. The company is also seeing growth in its senior housing portfolio.
While the rating for Welltower remains Neutral, the raised price target indicates a slightly positive outlook. The growth in the senior housing portfolio is a positive sign for the company's future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ventas, Inc. has been upgraded from Neutral to Outperform by Wedbush, with a raised price target of $51. The company is seeing growth in its senior housing portfolio.
The upgrade from Neutral to Outperform and the raised price target indicate a positive outlook for Ventas. The growth in the senior housing portfolio is a positive sign for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100