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Scotiabank analyst Nicholas Yulico raised the firm’s price target on Welltower (WELL) to $166 from $165 and keeps an Outperform rating on the shares. The company’s C$4.6bn Amica Senior Lifestyles Canadian portfolio acquisition highlighted its ability to source “top-notch-quality” Seniors Housing portfolios at an attractive discount, the analyst tells investors.

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Read More on WELL:

• Welltower announces acquisition of senior lifestyles portfolio for C$4.6B

• Welltower price target raised to $165 from $144 at Scotiabank

• Welltower upgraded to Outperform from Sector Perform at RBC Capital

• Welltower price target raised to $242 from $221 at BofA

• Welltower’s Strategic Positioning and Robust Growth Drive Buy Rating with $242 Price Target