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

Core Viewpoint - Welltower Inc. is highlighted as a strong investment opportunity due to its robust financial performance and strategic focus on senior housing, with analysts maintaining positive ratings and price targets [1][4]. Financial Performance - The company reported solid third-quarter results, showing growth in normalized funds from operations per share, which led to an increase in guidance above consensus estimates [2]. - Welltower's concentration of senior housing has increased to 72% of in-place net operating income, up from 59%, indicating a strategic shift towards this segment [3]. Strategic Initiatives - The company is transitioning away from medical office buildings and focusing more on senior housing, which is expected to drive future growth [2][3]. - Analysts expect Welltower's substantial transactional activity, alongside its focus on senior housing, to position the company favorably for future performance [3]. Analyst Ratings - BMO Capital Markets analyst Juan Sanabria reiterated a Buy rating with a price target of $200, reflecting confidence in the company's strategic direction and financial results [1]. - Morgan Stanley analyst Ronald Kamdem also maintained a Buy rating with a price target of $170, citing expectations of strong performance in the senior housing segment and significant investment activities totaling $23 billion [4].