Skip to main content

Market Overview

KeyBanc Upgrades Welltower On Expected Recovery In Senior Housing

KeyBanc Upgrades Welltower On Expected Recovery In Senior Housing

Welltower Inc (NYSE: WELL) is likely to be among the key beneficiaries of a potential rebound in senior housing, according to KeyBanc Capital Markets.

The Welltower Analyst: Todd Thomas upgraded Welltower from Sector Weight to Overweight and maintained a $70 price target. 

The Welltower Thesis: The company generates around 60% of its net operating income from senior housing, which is higher than its health care REIT peers, Thomas said in the upgrade note.

“WELL has demonstrated an active commitment to capital allocation and balance sheet management that helped to mitigate downside during the pandemic and should be a source of upside, as the vaccine-led recovery unfolds in 2021,” the analyst said. 

Pfizer’s (NYSE: PFE) positive vaccine announcements resulted in a “swift rotation out of growth and into value stocks,” he said.

Thomas said he expects markets to continue favoring “value-oriented, COVID-19-sensitive REITs that stand to benefit from a fundamental recovery,” and reverse “much of the pandemic trade.”

WELL Price Action: Shares of Welltower were down 0.79% at $63.74 at last check Monday.

Latest Ratings for WELL

Jan 2021BMO CapitalDowngradesMarket PerformUnderperform
Jan 2021BairdInitiates Coverage OnOutperform
Dec 2020JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for WELL
View the Latest Analyst Ratings


Related Articles (WELL)

View Comments and Join the Discussion!

Posted-In: KeyBanc Capital Markets Todd ThomasAnalyst Color REIT Upgrades Price Target Analyst Ratings Real Estate

Latest Ratings

TGTBMO CapitalMaintains205.0
TSCOWells FargoMaintains180.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at