NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $57.51, above its previous 52-week high of $57.45 with 1.2 million shares traded as of 1:30 p.m. ET. Average volume has been two million shares over the past 30 days.
Ventas has a market cap of $16.44 billion and is part of the
industry. Shares are up 4.1% year to date as of the close of trading on Tuesday.
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The company has a P/E ratio of 48.7, above the average real estate industry P/E ratio of 45.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ventas as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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