Raymond James has decided to maintain its Strong Buy rating of Ventas VTR and lower its price target from $60.00 to $55.00.
Shares of Ventas are trading up 0.91% over the last 24 hours, at $47.98 per share.
A move to $55.00 would account for a 14.62% increase from the current share price.
Ventas owns a diversified healthcare portfolio of over 1,200 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes over 40 properties in both Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 3% of NOI.
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