KeyCorp Weighs in on Ventas, Inc.’s FY2018 Earnings (VTR)
Ventas, Inc. (NYSE:VTR) – KeyCorp dropped their FY2018 earnings estimates for Ventas in a research report issued to clients and investors on Monday. KeyCorp analyst J. Sadler now expects that the real estate investment trust will post earnings of $4.24 per share for the year, down from their prior estimate of $4.30.
Other analysts have also recently issued research reports about the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. BMO Capital Markets reaffirmed a “sell” rating and set a $60.00 price target on shares of Ventas in a research report on Wednesday, April 12th. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Jefferies Group LLC upped their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, BidaskClub raised shares of Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.22.
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Shares of Ventas (NYSE:VTR) traded up 0.34% during mid-day trading on Wednesday, reaching $68.13. The company had a trading volume of 530,146 shares. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 34.62 and a beta of 0.08. The stock has a 50 day moving average of $68.76 and a 200-day moving average of $64.88. Ventas has a one year low of $56.20 and a one year high of $76.80.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.58. The business had revenue of $883.44 million for the quarter, compared to analyst estimates of $873.56 million. Ventas had a return on equity of 6.34% and a net margin of 20.10%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock valued at $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of Ventas by 1,760.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock valued at $177,555,000 after buying an additional 2,583,233 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock valued at $3,318,724,000 after buying an additional 1,110,305 shares in the last quarter. Hexavest Inc. bought a new position in shares of Ventas during the first quarter valued at $69,903,000. Finally, APG Asset Management US Inc. raised its position in shares of Ventas by 4.4% in the first quarter. APG Asset Management US Inc. now owns 14,140,351 shares of the real estate investment trust’s stock valued at $919,688,000 after buying an additional 595,000 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares in the company, valued at $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.775 per share. The ex-dividend date was Friday, June 2nd. This represents a $3.10 annualized dividend and a dividend yield of 4.57%. Ventas’s dividend payout ratio is currently 157.36%.
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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