SunTrust Banks, Inc. set a $67.00 target price on Ventas, Inc. (NYSE:VTR) in a research report sent to investors on Sunday morning. The firm currently has a hold rating on the real estate investment trust’s stock.
A number of other equities analysts have also weighed in on the stock. BMO Capital Markets set a $62.00 price objective on shares of Ventas and gave the company a sell rating in a research report on Friday, October 27th. UBS AG lowered their price objective on shares of Ventas from $69.00 to $66.00 and set a neutral rating on the stock in a research report on Monday, October 2nd. Capital One Financial Corporation began coverage on shares of Ventas in a research report on Monday, September 25th. They issued an equal weight rating and a $69.00 price objective on the stock. Bank of America Corporation lowered shares of Ventas from a buy rating to a neutral rating and lowered their price objective for the company from $72.00 to $71.00 in a research report on Friday, September 22nd. Finally, KeyCorp reiterated a sell rating and issued a $55.00 price objective on shares of Ventas in a research report on Sunday, September 17th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $64.20.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $893.18 million. During the same quarter last year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis.
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A number of institutional investors have recently added to or reduced their stakes in the business. Cribstone Capital Management LLC raised its stake 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 buying an additional 28 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake 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 buying an additional 650 shares during the last quarter. Cable Hill Partners LLC acquired a new position in shares of Ventas during the 3rd quarter worth $174,000. Northern Capital Management LLC acquired a new position in shares of Ventas during the 2nd quarter worth $202,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in shares of Ventas during the 2nd quarter worth $203,000. 89.18% of the stock is owned by institutional investors.
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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