Ventas, Inc. (NYSE:VTR) – Jefferies Financial Group lifted their Q3 2019 EPS estimates for shares of Ventas in a research note issued on Monday, July 29th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.95 per share for the quarter, up from their prior estimate of $0.91. Jefferies Financial Group also issued estimates for Ventas’ FY2019 earnings at $3.85 EPS, Q4 2020 earnings at $1.02 EPS and FY2021 earnings at $4.17 EPS.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus raised shares of Ventas from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a research note on Wednesday, June 19th. Citigroup raised shares of Ventas from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.00 to $76.00 in a research report on Wednesday, June 19th. Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada increased their target price on shares of Ventas to $71.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Finally, Bank of America reissued a “neutral” rating and set a $72.50 target price (up from $67.00) on shares of Ventas in a research report on Friday, June 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.59.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.38). Ventas had a return on equity of 4.78% and a net margin of 13.34%. The company had revenue of $950.70 million during the quarter, compared to analyst estimates of $931.16 million. During the same period last year, the company posted $0.46 earnings per share. The company’s revenue was up .9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Monday, July 1st were given a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, June 28th. Ventas’s payout ratio is 77.89%.
In other Ventas news, Chairman Debra A. Cafaro sold 68,084 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.54, for a total transaction of $4,530,309.36. Following the completion of the sale, the chairman now directly owns 805,835 shares in the company, valued at $53,620,260.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP T Richard Riney sold 29,702 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the sale, the executive vice president now owns 163,488 shares of the company’s stock, valued at $11,517,729.60. The disclosure for this sale can be found here. Insiders have sold 165,866 shares of company stock worth $11,323,058 over the last three months. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in VTR. Cornerstone Advisors Inc. boosted its holdings in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in Ventas during the first quarter valued at about $26,000. Kavar Capital Partners LLC bought a new stake in Ventas during the second quarter valued at about $27,000. Gradient Investments LLC boosted its holdings in Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 393 shares during the period. Finally, Heritage Wealth Advisors boosted its holdings in Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 178 shares during the period. Institutional investors own 87.35% of the company’s stock.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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