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Ventas initiated with a Neutral at UBS

UBS analyst Michael Goldsmith initiated coverage of Ventas (VTR) with a Neutral rating and $73 price target The Neutral rating reflects the company’s robust senior housing operating portfolio same-store NOI and AFFO growth trajectory that is fairly priced into shares, the analyst tells investors in a research note. The firm expects Ventas’ SHOP will continue to benefit from the unprecedented senior housing backdrop.

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