Ventas price target raised to $56 from $53 at Evercore ISI

Evercore ISI analyst James Kammert raised the firm’s price target on Ventas to $56 from $53 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results for select REITs. Inclusive of moderating spreads between RevPOR and ExpPOR, the REIT’s occupancy gains should translate to appealing sequential operating margin expansion and AFFO contributions by extension, the analyst tells investors in a research note.