KeyCorp set a $50.00 price target on Ventas (NYSE:VTR) in a research note issued to investors on Thursday morning. 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.
Other equities analysts also recently issued reports about the stock. ValuEngine raised shares of Ventas from a hold rating to a buy rating in a research note on Friday, January 5th. Capital One Financial initiated coverage on shares of Ventas in a research note on Monday, September 25th. They issued an equal weight rating and a $69.00 price target on the stock. Zacks Investment Research raised shares of Ventas from a sell rating to a hold rating in a research note on Wednesday, November 22nd. SunTrust Banks set a $67.00 price target on shares of Ventas and gave the stock a hold rating in a research note on Sunday, October 29th. Finally, Bank of America downgraded shares of Ventas from a buy rating to a neutral rating and dropped their price target for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Eight analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $63.89.
Shares of Ventas (NYSE VTR) traded down $1.40 during trading hours on Thursday, reaching $54.83. 4,282,600 shares of the company’s stock traded hands, compared to its average volume of 2,520,278. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.46 and a current ratio of 1.46. Ventas has a 52 week low of $54.77 and a 52 week high of $72.36. The firm has a market cap of $19,530.00, a P/E ratio of 32.64, a P/E/G ratio of 3.67 and a beta of 0.09.
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 the consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. During the same period last year, the firm earned $1.03 earnings per share. Ventas’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts expect that Ventas will post 4.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, December 29th. This is a boost from Ventas’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 5.76%. Ventas’s dividend payout ratio is currently 188.10%.
A number of large investors have recently modified their holdings of the stock. Capital International Investors boosted its holdings in Ventas by 40.9% during the third quarter. Capital International Investors now owns 4,141,700 shares of the real estate investment trust’s stock valued at $269,749,000 after acquiring an additional 1,202,900 shares during the period. BlackRock Inc. boosted its holdings in Ventas by 1.8% during the second quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock valued at $2,585,012,000 after acquiring an additional 671,502 shares during the period. Balyasny Asset Management LLC boosted its holdings in Ventas by 315.7% during the second quarter. Balyasny Asset Management LLC now owns 778,201 shares of the real estate investment trust’s stock valued at $54,069,000 after acquiring an additional 591,001 shares during the period. Cohen & Steers Inc. boosted its holdings in Ventas by 8.6% during the third quarter. Cohen & Steers Inc. now owns 6,895,293 shares of the real estate investment trust’s stock valued at $449,090,000 after acquiring an additional 545,504 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Ventas by 7.3% during the third quarter. Daiwa Securities Group Inc. now owns 5,247,318 shares of the real estate investment trust’s stock valued at $341,758,000 after acquiring an additional 357,605 shares during the period. Hedge funds and other institutional investors own 90.10% of the company’s stock.
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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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