Evercore ISI upgraded Ventas to Outperform from In Line with a $50 price target, which implies a 21% total return opportunity including the dividend. Few large cap real estate investment trusts exhibit high single digit compound adjusted funds from operations growth potential over the next three years and “fewer still are inflecting to such extent,” the analyst tells investors in a research note. The firm says Ventas’ earnings are accelerating while the stock’s valuation is attractive.
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Read More on VTR:
- Ventas price target lowered to $47 from $50 at Scotiabank
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- Wells Fargo downgrades Ventas to Equal Weight on less positive 2024 outlook