Top Stock to Buy #6 – Ventas (VTR)
Ventas (VTR) is a REIT with geographical diversity and a portfolio of senior housing and health care properties throughout the U.S. It has a dividend yield of 4% and a median target of $68 by fundamental analysts.
VTR reported third-quarter normalized funds from operations (FFO) of $1.04 per share, beating estimates of $1.02, and up 8.3% from the same quarter a year ago. S&P raised its 2013 FFO estimate by $0.04 to $4.13 and increased its 2014 projection by $0.10 to $4.40.
A near-term buy signal was triggered when the 20-day moving average crossed through the 50-day moving average. Resistance at the $69 to $70 area may slow down an advance, but possible selling should be easily overcome by an established bull channel. The six-month target is $79.