Ventas, Inc. (NYSE:VTR) – Analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of Ventas in a report released on Thursday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $4.17 for the year, up from their previous forecast of $4.16. Jefferies Group currently has a “Hold” rating and a $66.00 price objective on the stock. Jefferies Group also issued estimates for Ventas’ FY2019 earnings at $4.30 EPS.
A number of other equities analysts have also weighed in on the company. KeyCorp reaffirmed a “sell” rating and issued a $55.00 price objective on shares of Ventas in a research note on Sunday, September 17th. Capital One Financial raised Ventas from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 30th. Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. BMO Capital Markets set a $62.00 price objective on Ventas and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, UBS Group lowered Ventas from a “market perform” rating to an “underperform” rating in a research note on Monday, December 4th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Ventas has an average rating of “Hold” and a consensus target price of $64.44.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS.
A number of institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its stake in Ventas by 7.1% during the third quarter. Parametric Portfolio Associates LLC now owns 661,299 shares of the real estate investment trust’s stock valued at $43,070,000 after buying an additional 43,668 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Ventas by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 571,645 shares of the real estate investment trust’s stock valued at $37,231,000 after buying an additional 4,092 shares during the last quarter. Garde Capital Inc. bought a new position in Ventas during the third quarter valued at approximately $530,000. Davis Selected Advisers boosted its stake in Ventas by 52.9% during the third quarter. Davis Selected Advisers now owns 138,212 shares of the real estate investment trust’s stock valued at $9,002,000 after buying an additional 47,790 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in Ventas during the third quarter valued at approximately $699,000. 90.07% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, December 29th. This is a positive change from Ventas’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 5.25%. Ventas’s dividend payout ratio is presently 184.52%.
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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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