KeyCorp set a $50.00 price target on Ventas (NYSE:VTR) in a research report sent to investors on Thursday. The brokerage currently has a sell rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Ventas’ Q4 2017 earnings at $1.02 EPS, FY2017 earnings at $4.10 EPS and Q1 2018 earnings at $1.01 EPS.
Several other research firms have also weighed in on VTR. ValuEngine raised Ventas from a hold rating to a buy rating in a research report on Friday, January 5th. Capital One Financial raised Ventas from an equal weight rating to an overweight rating in a research report on Monday, October 30th. BMO Capital Markets set a $62.00 price target on Ventas and gave the company a sell rating in a research report on Friday, October 27th. UBS Group lowered Ventas from a market perform rating to an underperform rating in a research report on Monday, December 4th. Finally, SunTrust Banks set a $67.00 price target on Ventas and gave the company a hold rating in a research report on Sunday, October 29th. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $63.89.
Shares of Ventas (VTR) opened at $54.83 on Thursday. The stock has a market capitalization of $19,528.47, a price-to-earnings ratio of 16.82, a PEG ratio of 3.66 and a beta of 0.09. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.06. Ventas has a 52-week low of $54.77 and a 52-week high of $72.36.
Ventas (NYSE:VTR) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. research analysts anticipate that Ventas will post 4.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 5.76%. This is an increase from Ventas’s previous quarterly dividend of $0.78. Ventas’s payout ratio is 96.93%.
A number of hedge funds and other institutional investors have recently modified their holdings of VTR. Schroder Investment Management Group grew its stake in Ventas by 21.5% in the second quarter. Schroder Investment Management Group now owns 78,080 shares of the real estate investment trust’s stock valued at $5,404,000 after purchasing an additional 13,791 shares in the last quarter. Eaton Vance Management grew its stake in Ventas by 46.8% in the second quarter. Eaton Vance Management now owns 88,920 shares of the real estate investment trust’s stock valued at $6,178,000 after purchasing an additional 28,336 shares in the last quarter. AXA grew its stake in Ventas by 40.6% in the second quarter. AXA now owns 10,719 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 3,094 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its stake in Ventas by 77.7% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 18,850 shares of the real estate investment trust’s stock valued at $1,310,000 after purchasing an additional 8,242 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in Ventas by 6.9% in the second quarter. Norinchukin Bank The now owns 24,627 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.
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Ventas Company Profile
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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