Upgrade Alert for Ventas (VTR)
Ventas (NYSE:VTR) was upgraded from Hold to Buy at Jefferies today. The stock closed yesterday at $68.69 on volume of 1.2 million shares, below average daily volume of 2.1 million.
Ventas share prices have moved between a 52-week high of $76.80 and a 52-week low of $46.87 and closed yesterday at 47% above that low price at $68.69 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.
Ventas, Inc. is a real estate investment trust. The trust owns seniors housing communities, skilled nursing facilities, hospitals, and medical office buildings in the United States and Canada.
Based on a current price of $68.69, Ventas is currently 14.0% above its average consensus analyst price target of $59.08. The stock should find initial support at its 50-day moving average (MA) of $61.13 and further support at its 200-day MA of $57.41.
SmarTrend is tracking the current trend status for Ventas and will alert subscribers who have VTR in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades ventas