MUFG analyst Karin Ford raised her price target on Welltower to $72 and kept her Overweight rating after its Q3 earnings beat. The analyst points to the REIT’s “positive trends in the senior housing operating portfolio, outperformance in the newly acquired QCP portfolio, and attractive new medical office investments”. Ford adds that Welltower can accelerate its FFO growth in FY19 thanks to “significant accretion from the QCP transaction, potential upside off a cyclical bottom in the SHOP portfolio, and solid momentum on investments”.
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