BMO Capital negative on senior living REITs

|By:, SA News Editor

The team downgrades both Ventas (VTR) and Health Care REIT (HCN) to Sell. At least in Ventas' case, BMO notes the rising level of senior housing development costs and the higher cost of capital relative to growth.

Duke Realty (DRE) - also a REIT, but involved in office and industrial properties and property management - is upgraded to Buy.