FY2017 Earnings Estimate for Ventas, Inc. Issued By Jefferies Group (VTR)
Ventas, Inc. (NYSE:VTR) – Jefferies Group increased their FY2017 earnings estimates for shares of Ventas in a note issued to investors on Friday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $4.19 for the year, up from their previous estimate of $4.18. Jefferies Group has a “Hold” rating and a $66.00 price objective on the stock. Jefferies Group also issued estimates for Ventas’ FY2018 earnings at $4.22 EPS and FY2019 earnings at $4.33 EPS.
A number of other research firms have also recently commented on VTR. BidaskClub raised Ventas from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Capital One Financial Corporation began coverage on Ventas in a research note on Monday, September 25th. They set an “equal weight” rating and a $69.00 price target for the company. KeyCorp reissued a “sell” rating and set a $55.00 price target on shares of Ventas in a research note on Sunday, September 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Finally, UBS AG dropped their price objective on Ventas from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Monday. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $64.82.
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Shares of Ventas (NYSE VTR) opened at 63.68 on Monday. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 32.26 and a beta of 0.08. Ventas has a 12 month low of $56.20 and a 12 month high of $72.36. The stock has a 50 day moving average price of $67.39 and a 200-day moving average price of $66.69.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same quarter in the prior year, the company posted $0.42 EPS. Ventas’s quarterly revenue was up 5.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of VTR. Cribstone Capital Management LLC increased its stake in shares of Ventas by 1.5% during the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Ventas by 48.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 650 shares in the last quarter. Northern Capital Management LLC bought a new stake in shares of Ventas in the second quarter valued at about $202,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Ventas in the second quarter valued at about $203,000. Finally, Strategic Financial Group LLC bought a new stake in shares of Ventas in the second quarter valued at about $208,000. 89.18% of the stock is currently owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Monday, September 11th. Ventas’s dividend payout ratio is 157.36%.
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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