Ventas Stock Hits New 52-Week High (VTR)

NEW YORK ( TheStreet) -- Ventas (NYSE: VTR) hit a new 52-week high Friday as it is currently trading at $59.16, above its previous 52-week high of $59.05 with 646,312 shares traded as of 12:55 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Ventas has a market cap of $16.91 billion and is part of the financial sector and real estate industry. Shares are up 6.5% year to date as of the close of trading on Thursday.

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 37.3, above the average real estate industry P/E ratio of 37 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ventas as a buy. 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, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Ventas Ratings Report.

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