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Bank of America Securities Sticks to Their Buy Rating for Ventas (VTR)

Tipranks - Thu Jun 11, 10:52AM CDT

Bank of America Securities analyst Jeffrey Spector maintained a Buy rating on Ventas today and set a price target of $110.00.

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Spector covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Camden Property, and Ventas. According to TipRanks, Spector has an average return of 6.5% and a 62.95% success rate on recommended stocks.

In addition to Bank of America Securities, Ventas also received a Buy from Goldman Sachs’s Julien Blouin in a report issued on June 3. However, on June 2, Morgan Stanley reiterated a Hold rating on Ventas (NYSE: VTR).

Based on Ventas’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.66 billion and a net profit of $55.91 million. In comparison, last year the company earned a revenue of $1.36 billion and had a net profit of $46.87 million

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VTR in relation to earlier this year. Earlier this month, Michael Embler, a Director at VTR bought 2,500.00 shares for a total of $197,025.00.

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