Ventas (VTR) PT Set at $55.00 by BMO Capital Markets
BMO Capital Markets set a $55.00 price target on Ventas (NYSE:VTR) in a research report sent to investors on Monday morning. The firm currently has a sell rating on the real estate investment trust’s stock.
VTR has been the subject of a number of other research reports. Bank of America lowered Ventas from a buy rating to a neutral rating and reduced their price objective for the company from $72.00 to $71.00 in a research report on Friday, September 22nd. Capital One Financial began coverage on Ventas in a research report on Monday, September 25th. They set an equal weight rating and a $69.00 price objective for the company. Zacks Investment Research lowered Ventas from a hold rating to a sell rating in a research report on Wednesday, November 15th. Raymond James Financial restated an underperform rating on shares of Ventas in a research report on Monday, December 4th. Finally, SunTrust Banks set a $67.00 price objective on Ventas and gave the company a hold rating in a research report on Sunday, October 29th. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $63.00.
Ventas (NYSE VTR) opened at $54.98 on Monday. The company has a market capitalization of $19,580.00, a P/E ratio of 32.73, a PEG ratio of 3.67 and a beta of 0.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.46 and a quick ratio of 1.46. Ventas has a 12-month low of $54.30 and a 12-month high of $72.36.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. research analysts expect that Ventas will post 4.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Friday, December 29th. This is a positive change from Ventas’s previous quarterly dividend of $0.78. Ventas’s payout ratio is 188.10%.
A number of hedge funds have recently made changes to their positions in VTR. Capital International Investors boosted its position in Ventas by 40.9% during the 3rd quarter. Capital International Investors now owns 4,141,700 shares of the real estate investment trust’s stock worth $269,749,000 after acquiring an additional 1,202,900 shares during the period. Balyasny Asset Management LLC boosted its position in Ventas by 315.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 778,201 shares of the real estate investment trust’s stock worth $54,069,000 after acquiring an additional 591,001 shares during the period. Cohen & Steers Inc. boosted its position in Ventas by 8.6% during the 3rd quarter. Cohen & Steers Inc. now owns 6,895,293 shares of the real estate investment trust’s stock worth $449,090,000 after acquiring an additional 545,504 shares during the period. Daiwa Securities Group Inc. boosted its position in Ventas by 7.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,247,318 shares of the real estate investment trust’s stock worth $341,758,000 after acquiring an additional 357,605 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Ventas by 9.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,485,820 shares of the real estate investment trust’s stock worth $209,185,000 after acquiring an additional 314,690 shares during the period. Institutional investors own 90.10% of the company’s stock.
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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