Ventas Given “Neutral” Rating at Zacks (VTR)
Ventas (NYSE:VTR)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Friday, Analyst Ratings.Net reports. They currently have a $65.00 target price on the stock. Zacks‘ price objective would indicate a potential upside of 4.94% from the stock’s previous close.
Zacks‘ analyst wrote, “Ventas is scheduled to release its fourth quarter and year-end 2013 earnings before the opening bell on Feb 14. In December, the company made a hike in its quarterly cash dividend rate, which is encouraging. The company also closed a new $3 billion unsecured credit facility that helped extend maturities, improve pricing, and enhance term loans. Notably, aided by strategic investments made in 2013 and the prior year, Ventas’ third-quarter 2013 normalized FFO per share topped the Zacks Consensus Estimate. A rise in net operating income in its private pay seniors housing communities, triple-net lease portfolio, and medical office building segment drove that increase. Going forward, we expect the company to benefit from its diversified portfolio, growing healthcare spending and aging population. Strategic acquisitions and decent cash flows would add momentum to the company’s growth. Yet, its substantial exposure to long-term leased assets remains our concern and a large part of its revenues originate from a few tenants, thereby exposing it to concentration risks. “
A number of other firms have also recently commented on VTR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ventas in a research note to investors on Wednesday, January 15th. They now have a $58.00 price target on the stock, down previously from $64.00. Separately, analysts at RBC Capital upgraded shares of Ventas to an “outperform” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at UBS AG upgraded shares of Ventas from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 10th. They now have a $63.00 price target on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.63.
Ventas (NYSE:VTR) traded up 0.23% on Friday, hitting $61.94. The stock had a trading volume of 1,433,514 shares. Ventas has a 1-year low of $54.89 and a 1-year high of $84.11. The stock’s 50-day moving average is $59.8 and its 200-day moving average is $61.66. The company has a market cap of $18.215 billion and a P/E ratio of 42.30.
Ventas, Inc is a real estate investment trust (NYSE:VTR) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.