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Here’s why Wells Fargo believes Ventas Inc. (NYSE: VTR) is a ‘Buy’
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Ventas Inc. has bagged an ‘Overweight’ rating from Wells Fargo post the release of its financial results for Q1 2023. The company released its earnings on May 8, 2023, which prompted many brokers to review their recommendations on the stock.
Ventas is primarily an REIT company with a diversified healthcare portfolio. The properties held by Ventas are utilised across various businesses such as senior housing, medical office, hospitals and life science.
The company’s revenue during Q1 2023 witnessed a significant drop. However, despite these results, VTR stock garnered a ‘Buy’ rating from majority of the analysts. As per data available on Refinitiv, four analysts have given VTR a ‘Strong Buy’ rating, eleven analysts have given it a ‘Buy’ rating and seven analysts have given it a ‘Hold’ rating. Alternatively, none of the analysts have given it a ‘Sell’ or ‘Strong Sell’ rating.
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