Ventas, Inc. (VTR) Stock Rating Upgraded by Zacks Investment Research
Ventas, Inc. (NYSE:VTR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Ventas has a diversified portfolio and rising healthcare spending as well as aging population offer scope for long-term growth. Further, the sale of skilled nursing facilities (SNFs) is likely to render stability as this asset class is becoming susceptible to top-line pressure amid the change in medical billing procedure. Also, Ventas is making decent investments in university-based life science real estates. Such investments offer scope to capitalize on growing health-care-driven research and development, supported by top-tier research universities. Yet, rising supply of senior housing assets is likely to moderate rent and occupancy growth. Further, near-term dilutive impact on earnings from property dispositions cannot be bypassed. Also, shares of Ventas underperformed the industry it belongs to, year to date.”
A number of other brokerages have also issued reports on VTR. Capital One Financial Corporation upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. SunTrust Banks, Inc. set a $67.00 target price on shares of Ventas and gave the stock a “hold” rating in a research report on Sunday, October 29th. BMO Capital Markets set a $62.00 target price on shares of Ventas and gave the stock a “sell” rating in a research report on Friday, October 27th. UBS Group AG decreased their target price 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. Finally, Bank of America Corporation lowered shares of Ventas from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $72.00 to $71.00 in a research report on Friday, September 22nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $64.33.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The company had revenue of $899.90 million during the quarter, compared to analyst estimates of $893.18 million. During the same quarter last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. equities analysts forecast that Ventas will post 4.16 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Ventas by 0.7% in 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 purchasing an additional 4,092 shares during the last quarter. Garde Capital Inc. bought a new position in Ventas in the 3rd quarter valued at approximately $530,000. Davis Selected Advisers lifted its stake in Ventas by 52.9% in the 3rd quarter. Davis Selected Advisers now owns 138,212 shares of the real estate investment trust’s stock valued at $9,002,000 after purchasing an additional 47,790 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Ventas in the 3rd quarter valued at approximately $699,000. Finally, IFM Investors Pty Ltd bought a new position in Ventas in the 3rd quarter valued at approximately $647,000. Institutional investors and hedge funds own 89.84% 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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