KeyCorp set a $50.00 target price on Ventas (NYSE:VTR) in a report issued on Thursday morning. The brokerage currently has a sell rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Ventas’ Q4 2017 earnings at $1.02 EPS, FY2017 earnings at $4.10 EPS and Q1 2018 earnings at $1.01 EPS.
A number of other equities analysts have also commented on VTR. Bank of America lowered shares of Ventas from a buy rating to a neutral rating and decreased their price target for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. Capital One Financial assumed coverage on shares of Ventas in a report on Monday, September 25th. They issued an equal weight rating and a $69.00 price target on the stock. UBS Group cut their price objective on shares of Ventas from $69.00 to $66.00 and set a neutral rating for the company in a research note on Monday, October 2nd. BMO Capital Markets reaffirmed a sell rating and issued a $62.00 price objective on shares of Ventas in a research note on Wednesday, October 18th. Finally, SunTrust Banks set a $67.00 price objective on shares of Ventas and gave the company a hold rating in a research note on Sunday, October 29th. Eight investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Ventas currently has a consensus rating of Hold and a consensus price target of $63.89.
Shares of Ventas (VTR) traded down $1.40 during trading hours on Thursday, hitting $54.83. 4,282,619 shares of the stock were exchanged, compared to its average volume of 1,887,627. The company has a market cap of $20,027.09, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 3.76 and a beta of 0.09. Ventas has a 1 year low of $54.77 and a 1 year high of $72.36. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a $0.79 dividend. This is a boost from Ventas’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.76%. Ventas’s dividend payout ratio is 96.93%.
Several institutional investors have recently made changes to their positions in the company. Hexavest Inc. boosted its stake in shares of Ventas by 0.9% in the 4th quarter. Hexavest Inc. now owns 1,077,199 shares of the real estate investment trust’s stock valued at $64,643,000 after purchasing an additional 10,073 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Ventas by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 113,843 shares of the real estate investment trust’s stock valued at $6,832,000 after buying an additional 1,777 shares during the period. Parametric Portfolio Associates LLC boosted its position in Ventas by 7.1% during the 3rd 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 period. Public Employees Retirement System of Ohio boosted its position in Ventas by 0.7% during the 3rd 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 period. Finally, Garde Capital Inc. purchased a new stake in Ventas during the 3rd quarter valued at $530,000. 90.01% of the stock is owned by institutional investors.
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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