Wells Fargo upgrades 3, downgrades 2 healthcare REITs on price to earnings growth and yield

seekingalpha10-01

Wells Fargo took actions on certain senior housing and skilled nursing facilities on two-year price to earnings growth and yield, raising its recommendation on CareTrust REIT (NYSE:CTRE), Sabra Health...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472514376?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1282348252/image_1282348252.jpg","is_english":true,"pubTime":"2024-10-01 21:23","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2472514376","market":"sh","top_or_hot":-1,"title":"Wells Fargo upgrades 3, downgrades 2 healthcare REITs on price to earnings growth and yield","media":"seekingalpha","content":"<div>\n<p>Wells Fargo took actions on certain senior housing and skilled nursing facilities on two-year price to earnings growth and yield, raising its recommendation on CareTrust REIT (NYSE:CTRE), Sabra Health...</p>\n\n<a href=\"https://seekingalpha.com/news/4154994-wells-fargo-upgrades-3-downgrades-2-healthcare-reits-on-price-to-earnings-growth-and-yield\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wells Fargo upgrades 3, downgrades 2 healthcare REITs on price to earnings growth and yield</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWells Fargo upgrades 3, downgrades 2 healthcare REITs on price to earnings growth and yield\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4154994-wells-fargo-upgrades-3-downgrades-2-healthcare-reits-on-price-to-earnings-growth-and-yield><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wells Fargo took actions on certain senior housing and skilled nursing facilities on two-year price to earnings growth and yield, raising its recommendation on CareTrust REIT (NYSE:CTRE), Sabra Health...</p>\n\n<a href=\"https://seekingalpha.com/news/4154994-wells-fargo-upgrades-3-downgrades-2-healthcare-reits-on-price-to-earnings-growth-and-yield\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VTR","symbol_name":"芬塔公司","start_time":0,"source_url":"https://seekingalpha.com/news/4154994-wells-fargo-upgrades-3-downgrades-2-healthcare-reits-on-price-to-earnings-growth-and-yield","article_id":"2472514376","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1282348252/image_1282348252.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472514376","pubTimestamp":1727789029,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wells Fargo took actions on certain senior housing and skilled nursing facilities on two-year price to earnings growth and yield, raising its recommendation on CareTrust REIT (NYSE:CTRE), Sabra Health","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"VTR":"芬塔公司","WELL":"WELLTOWER OP LLC","CTRE":"CareTrust REIT Inc.","SBRA":"Sabra Healthcare REIT","NHI":"National Health Investors"},"translate_title":"富国银行根据市盈率增长和收益率上调了3只医疗保健房地产投资信托基金，下调了2只医疗保健房地产投资信托基金的评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTRE":0.9,"NHI":0.9,"SBRA":0.9,"VTR":0.9,"WELL":0.9},"content_text":"Wells Fargo took actions on certain senior housing and skilled nursing facilities on two-year price to earnings growth and yield, raising its recommendation on CareTrust REIT (NYSE:CTRE), Sabra Health Care REIT (NASDAQ:SBRA) and Ventas (NYSE:VTR) and downgrading National Health Investors (NYSE:NHI) and Welltower (NYSE:WELL). The financial services company sees VTR's PEGY as more attractive in all scenarios vs. WELL. Also, Ventas' resolution with Kindred resulted in a 27% rent cut and VTR is believed to have more low-hanging fruit available to drive shop growth in the medium-term. Ventas was upgraded to Overweight from Equal Weight, and the price target increased to $71.00 from $61.00. Meanwhile, the recommendation on Welltower was lowered to Equal Weight from Overweight, and the price target was raised to $135.00 from $134.00. VTR was trading +0.71% Tuesday pre-market at $64.13. CareTrust REIT was up 0.39% to $30.98 after its rating was raised to Overweight from Equal Weight, and price target increased to $34.00 from $28.00. Wells Fargo said it has confidence in CTRE's ability to maintain an elevated activity, and sees an upside to earnings and ability to grow in all environments. On a similar note, Sabra Health Care REIT was upgraded to Overweight from Equal Weight and the price target raised to $20.00 from $16.00. The stock was trading +0.21% at $18.65. \"While we originally saw SBRA's 2Q earnings as a very positive step in the right direction, we were caught off guard by the markets more negative response to what we saw as a clean quarter. We've become constructive on the SBRA story as the tailwinds of improving coverage across SNF & SH and increased SHOP guide are met with what we expect to be a 2H24 of accelerated investment activity vs 1H24,\" analysts led by John Kilichowski said in a research note. On the other hand, National Health Investors was trading 1.44% lower at $82.85 after Wells Fargo downgraded the stock to Equal Weight from Overweight. However, the price target was raised to $86.00 from $81.00. The investment bank prefers other skilled nursing facilities to NHI, considering a weakness in the company's Q2 earnings. \"Growing pipelines and a Fed rate cutting cycle keep us optimistic that acquisition activity can remain elevated for the medium term. We expect costs of capital to meaningfully lead cap rate compression down as bid-ask spreads tighten,\" the note said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472514376"}