Evercore ISI raised the firm’s price target on Welltower to $97 from $95 and keeps an In Line rating on the shares as part of a broader research note previewing Q2 results for select REITs. The company remains well positioned, competitively and in the absolute, from a capital standpoint as it possesses an attractively priced cost of equity and considerable balance sheet liquidity, the analyst tells investors in a research note. Welltower can continue to deploy its capital on an accretive basis and generate incremental cash flow per AFFO growth, the firm added.
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