Ventas, Inc. (VTR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Ventas, Inc. (NYSE:VTR) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $63.50.
A number of brokerages have commented on VTR. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. BidaskClub upgraded shares of Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Bank of America Corporation lowered shares of Ventas from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. KeyCorp reiterated a “sell” rating and issued a $55.00 price objective on shares of Ventas in a report on Sunday, September 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th.
Several large investors have recently made changes to their positions in VTR. Cribstone Capital Management LLC grew its position in shares of Ventas by 1.5% during the 2nd 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 last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Ventas by 48.0% during the 2nd 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 buying an additional 650 shares during the last quarter. Northern Capital Management LLC bought a new stake in shares of Ventas during the 2nd quarter valued at about $202,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Ventas during the 2nd quarter valued at about $203,000. Finally, Strategic Financial Group LLC bought a new stake in shares of Ventas during the 2nd quarter valued at about $208,000. 89.17% of the stock is owned by institutional investors and hedge funds.
Shares of Ventas (NYSE VTR) opened at 65.13 on Friday. Ventas has a 1-year low of $56.20 and a 1-year high of $73.23. The firm has a market capitalization of $23.20 billion, a PE ratio of 32.99 and a beta of 0.08. The firm has a 50-day moving average price of $67.37 and a 200-day moving average price of $66.32.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts forecast that Ventas will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th were paid a $0.775 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.76%. Ventas’s dividend payout ratio (DPR) is presently 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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