Goldman Sachs Initiates Coverage on Ventas (VTR)

Goldman Sachs initiates coverage on Ventas

with a Neutral rating and a $53 price target. In a note to clients, Goldman Sachs writes, "We arrive at our price target by assuming a premium to our forward NAV estimate of $44, given VTR's premier asset quality, strong balance sheet, superior growth outlook, and management team. Over the last decade, VTR has delivered among the highest total return in the REIT universe as well as the broader financials sector. In our view, the key factors that drove the impressive returns remain in place, but we would look for a more attractive entry point." VTR is trading at $50.70.