In a report issued on June 23, Vikram Malhotra from Mizuho Securities maintained a Buy rating on Ventas (VTR – Research Report), with a price target of $65.00. The company’s shares closed last Monday at $52.26.
According to TipRanks.com, Malhotra is a 2-star analyst with an average return of 0.6% and a 46.9% success rate. Malhotra covers the Financial sector, focusing on stocks such as Hudson Pacific Properties, Associated Capital Group, and First Industrial Realty.
Currently, the analyst consensus on Ventas is a Moderate Buy with an average price target of $62.50, a 22.2% upside from current levels. In a report issued on June 22, Credit Suisse also initiated coverage with a Buy rating on the stock with a $63.00 price target.
Ventas’ market cap is currently $21.06B and has a P/E ratio of 135.03.
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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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