Here’s Why Ventas Stock Was Soaring on Friday
Ventas (NYSE: VTR), a healthcare-focused real estate investment trust (REIT), has been one of the most beaten-down REITs during the COVID-19 pandemic. Even after today's rally, shares are still 60% off their 52-week high.
While healthcare is typically a recession-resistant type of real estate, the problem is that senior housing is in trouble. Move-in rates have fallen to virtually zero due to stay-at-home orders and virus concerns, and there's no telling when demand will come back to pre-pandemic levels. With 55% of its portfolio in senior housing, it's no wonder Ventas' stock price has been under pressure.
Source Fool.com
