Initiated Overweight X

WELL Welltower

Cantor Fitzgerald

$195

Initiated Buy X

WELL Welltower

UBS

$195

Upgrades Eq Weight Overweight X

WELL Welltower

Wells Fargo

$158

Upgrades Sec Perform Outperform X

WELL Welltower

RBC Capital Mkts

$146 $168

Upgrades Neutral Outperform X

WELL Welltower

Wedbush

$145 $167

Upgrades Hold Buy X

WELL Welltower

Jefferies

$132 $147

Initiated Outperform X

WELL Welltower

Exane BNP Paribas

$104

Initiated Buy X

WELL Welltower

Deutsche Bank

$115

Upgrades Neutral Overweight X

WELL Welltower

JP Morgan

$92 $99

Downgrades Outperform Sec Perform X

WELL Welltower

RBC Capital Mkts

$92 $97

Upgrades Outperform Strong Buy X

WELL Welltower

Raymond James

$95 $101

Downgrades Overweight Neutral X

WELL Welltower

JP Morgan

$90

Initiated Neutral X

WELL Welltower

Wedbush

$83

Downgrades Outperform In-line X

WELL Welltower

Evercore ISI

$82 $81

Downgrades Strong Buy Outperform X

WELL Welltower

Raymond James

$82 $90

Initiated Overweight X

WELL Welltower

Wells Fargo

$85

Upgrades In-line Outperform X

WELL Welltower

Evercore ISI

$81

Upgrades Neutral Buy X

WELL Welltower

Citigroup

$70 $81

Upgrades Outperform Strong Buy X

WELL Welltower

Raymond James

$72 $82

Downgrades Outperform In-line X

WELL Welltower

Evercore ISI

$72

Reiterated Outperform X

WELL Welltower

Credit Suisse

$100 $75

Downgrades Strong Buy Outperform X

WELL Welltower

Raymond James

$81 $70

Downgrades Outperform Neutral X

WELL Welltower

Robert W. Baird

$66

Resumed Overweight X

WELL Welltower

Morgan Stanley

$90

Downgrades Outperform Neutral X

WELL Welltower

SMBC Nikko

$84

Upgrades Neutral Overweight X

WELL Welltower

JP Morgan

$94 $89

Initiated Overweight X

WELL Welltower

CapitalOne

$95

Upgrades Neutral Outperform X

WELL Welltower

Credit Suisse

$92 $100

Initiated Neutral X

WELL Welltower

Credit Suisse

$92

Upgrades Neutral Buy X

WELL Welltower

Mizuho

$68 $94

Downgrades Overweight Neutral X

WELL Welltower

JP Morgan

$94 $90

Resumed Overweight X

WELL Welltower

Barclays

$92

Initiated Neutral X

WELL Welltower

Mizuho

$68

Upgrades Underperform Mkt Perform X

WELL Welltower

BMO Capital Markets

$80 $90

Upgrades Mkt Perform Strong Buy X

WELL Welltower

Raymond James

$92

Initiated Outperform X

WELL Welltower

Wolfe Research

$94

Upgrades In-line Outperform X

WELL Welltower

Evercore ISI

$77 $86

Upgrades Eq Weight Overweight X

WELL Welltower

CapitalOne

Upgrades Sec Perform Outperform X

WELL Welltower

RBC Capital Mkts

$70 $82

Upgrades Neutral Buy X

WELL Welltower

BofA Securities

$73 $78

Downgrades Mkt Perform Underperform X

WELL Welltower

BMO Capital Markets

$65 $64

Initiated Outperform X

WELL Welltower

Robert W. Baird

$68

Upgrades Underperform In-line X

WELL Welltower

Evercore ISI

Upgrades Neutral Overweight X

WELL Welltower

JP Morgan

Upgrades Mkt Perform Outperform X

WELL Welltower

Wells Fargo

Resumed Neutral X

WELL Welltower

Goldman

$59

Upgrades Mkt Perform Outperform X

WELL Welltower

Raymond James

Upgrades Underperform Mkt Perform X

WELL Welltower

BMO Capital Markets

Upgrades Underperform Neutral X

WELL Welltower

Hilliard Lyons

WELL  Welltower Inc.

Welltower Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. More information at www.welltower.com.