BMO Capital Sticks to Their Buy Rating for Ventas (VTR)

In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on Ventas (VTRResearch Report), with a price target of $57.00. The company’s shares closed last Thursday at $50.87.

According to TipRanks.com, Sanabria is a 2-star analyst with an average return of 0.3% and a 45.9% success rate. Sanabria covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, National Storage Affiliates, and Phillips Edison & Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ventas with a $60.33 average price target, representing a 17.0% upside. In a report issued on July 25, Barclays also maintained a Buy rating on the stock with a $65.00 price target.

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Based on Ventas’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.02 billion and net profit of $38.73 million. In comparison, last year the company earned revenue of $910 million and had a GAAP net loss of $57.21 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. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations. The company was founded in 1983 and is headquartered in Chicago, IL.

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