Ventas’ (VTR) “Sell” Rating Reaffirmed at KeyCorp
Ventas, Inc. (NYSE:VTR)‘s stock had its “sell” rating reaffirmed by analysts at KeyCorp in a research report issued to clients and investors on Sunday. They currently have a $55.00 target price on the real estate investment trust’s stock. KeyCorp’s price objective indicates a potential downside of 20.70% from the stock’s previous close.
Several other research analysts have also issued reports on VTR. BidaskClub upgraded shares of Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target on the stock. Mizuho restated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $66.00 price target on shares of Ventas in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Ventas presently has a consensus rating of “Hold” and an average target price of $63.38.
Ventas (NYSE:VTR) traded up 0.61% during midday trading on Friday, reaching $69.36. The company had a trading volume of 2,696,502 shares. The company’s 50 day moving average is $67.30 and its 200-day moving average is $66.24. Ventas has a 52-week low of $56.20 and a 52-week high of $73.23. The company has a market capitalization of $24.70 billion, a P/E ratio of 35.14 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. Equities analysts expect that Ventas will post $1.82 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Ventas during the 4th quarter worth approximately $109,000. Capital Advisors Ltd. LLC grew its position in Ventas by 48.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,542 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 500 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Ventas during the 1st quarter worth approximately $123,000. Acadian Asset Management LLC grew its position in Ventas by 33.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 474 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in 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. Hedge funds and other institutional investors own 89.36% of the company’s stock.
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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