FINWIRES · TerminalLIVE
FINWIRES

Research Alert: CFRA Keeps Buy Opinion On Shares Of Welltower Inc.

By

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $5 to $245, 38.5x our 2026 FFO estimate, a premium to WELL's historical forward one-year average multiple (33.4x). WELL's Senior Housing Operating (SHO) same-store portfolio continues to outperform our expectations. We lift our 2026 FFO estimate by $0.14 to $6.36 and raise 2027 by $0.21 to $7.16. SHO same-store net operating income (NOI) was up 22% Y/Y, while expense per room increased only 0.4% driving a 320-bp margin expansion in the quarter. This growth is seen in new and stabilized properties, with 95% occupancy communities still generating 20% NOI growth in Q1 due to 5% RevPOR growth. WELL is now monetizing its proprietary data science AI with Public Storage (PSA) and a large private equity form using it to accelerate its own transaction platforms. While this is a small piece of revenue now, we see this as an asset light, very high margin opportunity for further expansion into real estate operators in non-health care industries.

Related Articles

Insider Trading

Kratos Defense & Security Solutions Insider Sold Shares Worth $431,451, According to a Recent SEC Filing

Steven S. Fendley, President, US Division, on April 27, 2026, sold 7,000 shares in Kratos Defense & Security Solutions (KTOS) for $431,451. Following the Form 4 filing with the SEC, Fendley has control over a total of 351,039 common shares of the company, with 351,039 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1069258/000169543426000006/xslF345X05/primary_doc.xml

$KTOS
Commodities

Antero Midstream Q1 Gathering Volumes Rise 14%

Antero Midstream (AM) reported higher gathering volumes in Q1 2026, while other operating metrics were mixed compared with the year-ago period.The company said gathering volumes rose 14% to 3,805 million cubic feet per day, up from 3,348 MMcf/d in Q1 2025.Centralized compression volumes increased modestly by 1% to 3,370 MMcf/d, compared with 3,330 MMcf/d a year earlier.Fresh water delivery volumes declined 21% to 83 thousand barrels per day, down from 105 MBbl/d in the prior-year quarter.Meanwhile, joint venture processing volumes increased 4% to 1,708 MMcf/d from 1,650 MMcf/d. Joint venture fractionation volumes were unchanged at 40 MBbl/d.

$AM
Research

Research Alert: Allstate: Underwriting Strength Fuels Significant Q1 Eps Beat

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ALL reported Q1 operating EPS of $10.65 vs. $3.53 in the prior year, topping our $6.85 estimate and the $7.24 consensus forecast. The strong results were led by improved underwriting performance. Q1 revenue growth of 3% was below our 4%-8% forecast, though P-C earned premiums rose 5.5%. The combined ratio improved to 82.0% from 97.4% on 44% lower catastrophe losses. The underlying combined ratio (ex-catastrophes) improved to 80.3% from 83.1%, validating the success of previous rate increases. The recent $2B sale of the employer voluntary benefits business, part of ALL's broader restructuring strategy, will free up capital for redeployment into core P-C operations. We expect ALL to maintain pricing discipline despite anticipated increased competition, particularly in auto insurance. The company's strong underlying underwriting results demonstrate the success of aggressive rate increases that were implemented to address adverse claim trends. We look forward to management's pricing outlook on the April 30 call.

$ALL