Ventas, Inc. (VTR) Cut to Neutral at Bank of America Corporation
Bank of America Corporation downgraded shares of Ventas, Inc. (NYSE:VTR) from a buy rating to a neutral rating in a report issued on Friday, MarketBeat.com reports. They currently have $71.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $72.00.
A number of other equities research analysts have also commented on VTR. BidaskClub upgraded shares of Ventas from a hold rating to a buy rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group started coverage on shares of Ventas in a report on Wednesday, June 21st. They set a hold rating and a $67.00 price objective on the stock. Mizuho restated a neutral rating on shares of Ventas in a report on Wednesday, June 28th. Jefferies Group LLC restated a hold rating and set a $66.00 price objective on shares of Ventas in a report on Tuesday, August 29th. Finally, Royal Bank Of Canada restated a buy rating on shares of Ventas in a report on Wednesday, September 6th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $64.22.
Ventas (NYSE:VTR) opened at 66.04 on Friday. The stock’s 50 day moving average is $67.37 and its 200 day moving average is $66.32. Ventas has a 12-month low of $56.20 and a 12-month high of $73.23. The stock has a market capitalization of $23.52 billion, a PE ratio of 33.45 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts forecast that Ventas will post $1.82 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be paid a $0.775 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $3.10 annualized dividend and a yield of 4.69%. Ventas’s payout ratio is currently 157.36%.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Ventas by 2,360.9% in the 1st 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 during the last quarter. JPMorgan Chase & Co. increased its stake in Ventas by 102.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock valued at $280,817,000 after buying an additional 2,049,815 shares during the last quarter. Bank of America Corp DE increased its stake in Ventas by 1.0% in the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock valued at $1,185,477,000 after buying an additional 184,874 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in Ventas by 7.6% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,010 shares of the real estate investment trust’s stock valued at $3,058,000 after buying an additional 3,121 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in Ventas by 921.5% in the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock valued at $5,274,000 after buying an additional 73,159 shares during the last quarter. Hedge funds and other institutional investors own 89.17% of the company’s stock.
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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