ValuEngine Lowers Ventas (VTR) to Strong Sell

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ValuEngine downgraded shares of Ventas (NYSE:VTR) from a sell rating to a strong sell rating in a report issued on Wednesday, June 20th.

A number of other research firms also recently commented on VTR. TheStreet downgraded Ventas from a b- rating to a c+ rating in a report on Thursday, March 8th. Deutsche Bank dropped their price objective on Ventas from $61.00 to $55.00 and set a hold rating on the stock in a report on Monday, March 19th. BMO Capital Markets reiterated a sell rating and issued a $51.00 price objective on shares of Ventas in a report on Tuesday, March 27th. Zacks Investment Research upgraded Ventas from a sell rating to a hold rating in a report on Monday, April 16th. Finally, KeyCorp dropped their price objective on Ventas from $50.00 to $43.00 and set an underweight rating on the stock in a report on Monday, April 16th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Ventas has an average rating of Hold and a consensus target price of $56.85.

Shares of Ventas opened at $56.95 on Wednesday, according to Marketbeat.com. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. Ventas has a 1-year low of $46.55 and a 1-year high of $70.18. The stock has a market cap of $20.47 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.77 and a beta of 0.11.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.79). Ventas had a return on equity of 5.24% and a net margin of 34.04%. The company had revenue of $943.70 million for the quarter, compared to analysts’ expectations of $874.42 million. During the same quarter last year, the company earned $0.55 EPS. Ventas’s revenue for the quarter was up 6.8% compared to the same quarter last year. research analysts expect that Ventas will post 4.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Monday, July 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $3.16 dividend on an annualized basis and a yield of 5.55%. Ventas’s dividend payout ratio is presently 75.96%.

In related news, Chairman Debra A. Cafaro sold 15,505 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $55.00, for a total transaction of $852,775.00. Following the transaction, the chairman now owns 759,672 shares in the company, valued at approximately $41,781,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Debra A. Cafaro sold 15,439 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $55.00, for a total value of $849,145.00. Following the transaction, the chairman now owns 759,606 shares in the company, valued at approximately $41,778,330. The disclosure for this sale can be found here. Insiders have sold a total of 65,851 shares of company stock worth $3,559,027 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of VTR. Centersquare Investment Management LLC acquired a new stake in Ventas during the 1st quarter worth approximately $97,173,000. Millennium Management LLC lifted its position in Ventas by 242.6% during the 1st quarter. Millennium Management LLC now owns 2,214,927 shares of the real estate investment trust’s stock worth $109,705,000 after acquiring an additional 1,568,408 shares during the period. Brookfield Asset Management Inc. lifted its position in Ventas by 44.7% during the 1st quarter. Brookfield Asset Management Inc. now owns 3,686,473 shares of the real estate investment trust’s stock worth $182,591,000 after acquiring an additional 1,138,667 shares during the period. Renaissance Technologies LLC lifted its position in Ventas by 2,469.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,020,002 shares of the real estate investment trust’s stock worth $61,210,000 after acquiring an additional 980,302 shares during the period. Finally, BlackRock Inc. lifted its position in Ventas by 2.1% during the 1st quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock worth $1,911,493,000 after acquiring an additional 795,890 shares during the period. 84.35% of the stock is owned by institutional investors.

About Ventas

Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ventas (NYSE:VTR)

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