Ventas Rating Reiterated by Zacks (VTR)
Zacks reaffirmed their neutral rating on shares of Ventas (NYSE: VTR) in a report issued on Friday. They currently have a $74.00 target price on the stock.
Zacks’ analyst wrote, “Ventas reported strong fourth quarter 2012 results with FFO exceeding the Zacks Consensus Estimate. The results were aided by accretive acquisitions, decent seniors housing communities’ performance and rental escalation from its triple-net lease portfolio. Moreover, the company’s strategic move in Atria Senior Living boosted the quarterly results. Also, Ventas hiked its quarterly dividend payout by 8% in the quarter. The company’s significantly diversified portfolio provides it a hard-to-replicate business model which gives it an edge over its peers. Moreover, the healthcare sector is relatively immune to the downturn in the economy, and provides a steady source of income that insulates the company from short-term market volatility. Yet, a large portion of its revenue originates from a few tenants, which exposes it to concentration risk and undermines its growth potential to some extent. Thus, we maintain our neutral recommendation on the stock.”
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Ventas from $72.00 to $78.00 in a research note to investors on Monday, March 11th. They now have a buy rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Ventas from a market perform rating to an underperform rating in a research note to investors on Friday, March 1st. They now have a $68.00 price target on the stock.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Ventas presently has a consensus rating of Hold and a consensus price target of $70.63.
Ventas (NYSE: VTR) opened at 70.21 on Friday. Ventas has a 1-year low of $53.94 and a 1-year high of $72.10. The stock’s 50-day moving average is currently $69.04. The company has a market cap of $20.497 billion and a price-to-earnings ratio of 56.90.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Friday, March 8th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a boost from Ventas’s previous quarterly dividend of $0.62.
Ventas, Inc. is a real estate investment trust (NYSE: VTR) with a portfolio of seniors housing and healthcare properties in the United States and Canada.
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