BMO Capital Markets set a $55.00 price objective on Ventas (NYSE:VTR) in a research report sent to investors on Monday morning. The firm currently has a sell rating on the real estate investment trust’s stock.
Several other brokerages also recently commented on VTR. KeyCorp reiterated a sell rating and set a $55.00 target price on shares of Ventas in a report on Sunday, September 17th. Bank of America downgraded Ventas from a buy rating to a neutral rating and dropped their target price for the company from $72.00 to $71.00 in a report on Friday, September 22nd. Capital One Financial started coverage on Ventas in a report on Monday, September 25th. They set an equal weight rating and a $69.00 price objective on the stock. UBS Group dropped their price objective on Ventas from $69.00 to $66.00 and set a neutral rating on the stock in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded Ventas from a hold rating to a sell rating in a report on Wednesday, November 15th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $63.00.
Shares of Ventas (VTR) opened at $54.98 on Monday. The company has a market capitalization of $19,580.00, a PE ratio of 32.73, a P/E/G ratio of 3.67 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 twelve month low of $54.30 and a twelve month high of $72.36.
Ventas (NYSE:VTR) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). The company had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. research analysts predict that Ventas will post 4.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.79 per share. The ex-dividend date was Friday, December 29th. This is an increase from Ventas’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 5.75%. Ventas’s payout ratio is currently 188.10%.
A number of hedge funds have recently bought and sold shares of VTR. Amica Retiree Medical Trust purchased a new stake in Ventas during the 3rd quarter worth approximately $131,000. Cable Hill Partners LLC purchased a new stake in Ventas during the 3rd quarter worth approximately $174,000. Carnick & Kubik Group LLC acquired a new position in shares of Ventas in the 3rd quarter worth approximately $204,000. Vident Investment Advisory LLC acquired a new position in shares of Ventas in the 3rd quarter worth approximately $206,000. Finally, AlphaStar Capital Management LLC acquired a new position in shares of Ventas in the 3rd quarter worth approximately $209,000. Institutional investors own 90.10% 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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