Ventas (NYSE: VTR) was upgraded from Buy to Sell rating and received a $53 price target from BMO Capital analyst John Kim today. The company’s shares closed on Friday at $51.59.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 3.6% and a 55.3% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
Ventas has an analyst consensus of Hold, with a price target consensus of $53.89.
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Based on Ventas’ latest earnings report for the quarter ending December 31, 1882, the company posted quarterly revenue of $895 million and quarterly net profit of $178 million. In comparison, last year the company earned revenue of $883 million and had a net profit of $915 million.
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Ventas, Inc. engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers.
