Unappreciated aspects of Welltower , a real estate investment trust, or REIT, that invests in health-care infrastructure, are likely to translate into long-term growth ahead, according to Bank of America.
Analyst Joshua Dennerlein reiterated his buy rating on the S & P 500 company, which owns senior housing as well as post-acute care and outpatient medical facilities.
He also increased his price target by $61 to $190, the highest on the Street, according to FactSet, which implies nearly 52% upside from Friday's close.
This year, the stock has been on a monster run, soaring about 41%, excluding reinvested dividends, versus 22.5% for the S & P 500.
The Bank of America recommendation joins several other analysts on Wall Street who are bullish on Welltower.
Persons:
Joshua Dennerlein, Welltower, Dennerlein, —
Organizations:
Bank of America, of, Wall
Locations:
Toledo , Ohio