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Bank of America Securities Sticks to Their Buy Rating for Welltower (WELL)

Tipranks - Tipranks - Thu Jun 11, 11:56AM CDT

In a report released today, Farrell Granath from Bank of America Securities maintained a Buy rating on Welltower, with a price target of $277.00.

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Granath covers the Real Estate sector, focusing on stocks such as American Healthcare REIT, Inc., Welltower, and Sabra Healthcare REIT. According to TipRanks, Granath has an average return of 3.9% and a 42.86% success rate on recommended stocks.

Currently, the analyst consensus on Welltower is a Strong Buy with an average price target of $243.82.

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Based on Welltower’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.31 billion and a net profit of $728.67 million. In comparison, last year the company earned a revenue of $2.39 billion and had a net profit of $257.96 million

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