Jefferies Group Weighs in on Ventas’ Q3 2018 Earnings (VTR)
Ventas (NYSE:VTR) – Equities researchers at Jefferies Group upped their Q3 2018 earnings per share (EPS) estimates for shares of Ventas in a report released on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $1.01 per share for the quarter, up from their prior estimate of $0.98. Jefferies Group has a “Hold” rating and a $54.00 price target on the stock. Jefferies Group also issued estimates for Ventas’ FY2018 earnings at $4.05 EPS, FY2019 earnings at $4.09 EPS and FY2020 earnings at $4.20 EPS.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus set a $56.00 price objective on Ventas and gave the company a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Ventas from a “sell” rating to a “hold” rating in a research report on Monday, April 16th. Citigroup decreased their price objective on Ventas from $66.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. Wells Fargo set a $54.00 target price on Ventas and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $51.00 target price on shares of Ventas in a research note on Tuesday, March 27th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.69.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.79). Ventas had a net margin of 34.04% and a return on equity of 5.24%. The business had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $874.42 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Ventas’s revenue was up 6.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Certified Advisory Corp acquired a new position in shares of Ventas in the fourth quarter worth $102,000. Valeo Financial Advisors LLC raised its holdings in shares of Ventas by 1,945.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,841 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,751 shares during the last quarter. Aevitas Wealth Management Inc. purchased a new position in Ventas during the fourth quarter worth about $114,000. Icon Wealth Partners LLC acquired a new position in Ventas during the fourth quarter worth about $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new stake in shares of Ventas in the fourth quarter valued at approximately $116,000. 88.56% of the stock is currently owned by institutional investors.
In other news, Chairman Debra A. Cafaro sold 30,944 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the sale, the chairman now directly owns 775,111 shares in the company, valued at approximately $41,220,402.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melody C. Barnes sold 3,963 shares of Ventas stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $53.37, for a total value of $211,505.31. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Monday, July 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 6.14%. The ex-dividend date is Friday, June 29th. Ventas’s dividend payout ratio is currently 75.96%.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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