Traders Get a Second Chance With Ventas

The bar has been raised on this senior housing/health care REIT

   

Ventas (NYSE:VTR) – This REIT has geographical diversity with a portfolio of senior housing and health care properties throughout the U.S. On June 21, the Trade of the Day said, “The stock has a dividend yield of 4.05% and a target of $68.50 by fundamental analysts due to its ‘impressive revenue growth greatly exceeding the industry average of 18%.’ It broke from its recent ‘W’ consolidation with a target of $65. But this could be conservative because of an increase in demand due to economic conditions. Buy VTR under $60.”

On June 25, VTR fell to $59.42, reversed, and last week gapped higher. Yesterday, Fitch affirmed Ventas as having “Stable Outlook, Strong Access to Capital, Liquidity, and Solid Management.” The target is raised to $70, and if you did not get in below $60, buy now at the market price.

Trade of the Day Chart Key


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/traders-get-a-second-chance-with-ventas-vtr/.

©2013 InvestorPlace Media, LLC

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