Welltower (WELL) is likely to benefit from the rise in senior citizens' healthcare spending, restructuring initiatives and capital-recycling efforts. However, high interest rates are concerning.
Real Estate Investment Trusts have struggled with interest rate hikes, but Welltower has outperformed, with a 31% return since September 2023. Welltower operates a wide portfolio of senior housing and medical facilities, with plans for growth and increased occupancy rates. Financially, Welltower has seen revenue growth, increased investments, and a safe dividend, but trades at a high valuation with potential risks ahead.
Welltower (WELL) increases its 2024 normalized FFO per share guidance range, backed by robust and accretive capital deployment activity. It also announces a 10% dividend hike.
Welltower (WELL) reported earnings 30 days ago. What's next for the stock?
A rise in healthcare spending by senior citizens and capital recycling activities are likely to continue driving Welltower's (WELL) performance despite the high interest rate environment.