Ventas price target raised to $52 from $51 at Scotiabank

Scotiabank raised the firm’s price target on Ventas to $52 from $51 and keeps a Sector Perform rating on the shares. The firm’s recent survey of prospective Senior Housing residents indicated a healthy pipeline of demand, though at a slower move-in pace than previously anticipated, the analyst tells investors. Scotiabank believes results from its survey combined with an eventual improved home sales market supports continued demand drivers benefiting the Senior Housing Operating segment’s performance.