Baird Upgrades Ventas (VTR) to Outperform

Baird analyst Wesley Golladay upgraded Ventas (NYSE: VTR) from Neutral to Outperform with a price target of $65.00 (from $66.00).

The analyst comments: "We are upgrading VTR to Outperform. We believe VTR is favorably positioned to fully capitalize on the senior housing recovery now that the company has regained a favorable cost of equity. In addition, the combination of improved NOI growth and better access to the capital markets paved the way for the company to reduce leverage 0.6x turns over the first three quarters of 2024 with further deleveraging expected. We are also encouraged that the known headwinds in the triple-net portfolio have been addressed."

For an analyst ratings summary and ratings history on Ventas click here. For more ratings news on Ventas click here.

Shares of Ventas closed at $58.36 yesterday.

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