Ventas is probably not a company you’ve heard about before, but it’s actually a member of the S&P 500 and, as the generous P/E ratio illustrates, is very, very richly valued. In a nutshell, it’s a company that owns and leases out real estate to the healthcare industry. It’s a REIT for doctors and hospitals.
Even on this eye-rolling everything-green day, VTR is slipping lower and continues to make good progress on what I believe could be a very important top.
What’s cool about VTR is that it seems to make a persistent habit of topping out and rolling over. Its history is absolutely replete with such instances.