Jefferies Group reissued their hold rating on shares of Ventas (NYSE:VTR) in a research note published on Tuesday. The brokerage currently has a $54.00 target price on the real estate investment trust’s stock.
A number of other equities research analysts have also issued reports on the stock. Citigroup dropped their price objective on shares of Ventas from $66.00 to $52.00 and set a neutral rating for the company in a report on Tuesday. Wells Fargo & Co set a $54.00 price objective on shares of Ventas and gave the company a hold rating in a report on Tuesday. Stifel Nicolaus set a $56.00 price objective on shares of Ventas and gave the company a hold rating in a report on Friday, February 9th. SunTrust Banks set a $55.00 price objective on shares of Ventas and gave the company a hold rating in a report on Friday, February 9th. Finally, Mizuho set a $53.00 price objective on shares of Ventas and gave the company a hold rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $58.31.
Shares of Ventas (NYSE VTR) opened at $50.72 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 1.46. Ventas has a 1-year low of $49.17 and a 1-year high of $72.36. The stock has a market cap of $18,060.00 and a PE ratio of 28.49.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.03. Ventas had a net margin of 37.95% and a return on equity of 5.99%. The firm had revenue of $895.30 million during the quarter, compared to analyst estimates of $895.92 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Ventas’s quarterly revenue was up 2.2% on a year-over-year basis. research analysts expect that Ventas will post 4.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Thursday, March 29th. Ventas’s dividend payout ratio (DPR) is presently 177.53%.
Hedge funds have recently made changes to their positions in the business. IFM Investors Pty Ltd purchased a new position in Ventas during the third quarter worth about $647,000. Intl Fcstone Inc. purchased a new position in Ventas during the second quarter worth about $691,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Ventas by 9.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,485,820 shares of the real estate investment trust’s stock valued at $209,185,000 after purchasing an additional 314,690 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Ventas by 83.9% in the third quarter. Janus Henderson Group PLC now owns 178,980 shares of the real estate investment trust’s stock valued at $11,655,000 after purchasing an additional 81,667 shares during the period. Finally, UMB Bank N A MO boosted its stake in shares of Ventas by 8.0% in the fourth quarter. UMB Bank N A MO now owns 197,132 shares of the real estate investment trust’s stock valued at $11,830,000 after purchasing an additional 14,671 shares during the period. 90.05% of the stock is owned by institutional investors.
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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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