Ventas, Inc. (NYSE:VTR) released its earnings results on Friday. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60), MarketWatch Earnings reports. The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $893.18 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. Ventas’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Ventas updated its FY17 guidance to 4.13-4.16 EPS.
Shares of Ventas (VTR) opened at 62.50 on Friday. The company’s 50 day moving average is $65.01 and its 200-day moving average is $66.51. The company has a market cap of $22.26 billion, a P/E ratio of 31.66 and a beta of 0.08. Ventas has a 12 month low of $56.20 and a 12 month high of $72.36.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 12th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, September 11th. Ventas’s dividend payout ratio is presently 95.09%.
Several research firms have recently weighed in on VTR. KeyCorp reissued a “sell” rating and issued a $55.00 target price on shares of Ventas in a research report on Sunday, September 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. Bank of America Corporation downgraded shares of Ventas from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $72.00 to $71.00 in a research report on Friday, September 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price on shares of Ventas in a research report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $63.90.
Institutional investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC increased 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 worth $134,000 after purchasing an additional 28 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased 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 worth $139,000 after purchasing an additional 650 shares in the last quarter. Cable Hill Partners LLC acquired a new stake in shares of Ventas during the 3rd quarter worth about $174,000. Northern Capital Management LLC acquired a new stake in shares of Ventas during the 2nd quarter worth about $202,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Ventas during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 89.13% 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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