Ventas, Inc. (NYSE:VTR) – SunTrust Banks reduced their FY2017 earnings per share (EPS) estimates for shares of Ventas in a note issued to investors on Sunday. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will post earnings of $4.14 per share for the year, down from their previous forecast of $4.15. SunTrust Banks also issued estimates for Ventas’ FY2019 earnings at $4.38 EPS.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. Ventas’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. TRADEMARK VIOLATION NOTICE: This story was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/19/fy2017-eps-estimates-for-ventas-inc-lowered-by-suntrust-banks-vtr-updated-updated.html.
A number of other research analysts have also weighed in on VTR. Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. Jefferies Group LLC restated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a report on Friday, April 7th. BMO Capital Markets restated a “sell” rating and issued a $60.00 price objective on shares of Ventas in a report on Wednesday, April 12th. BidaskClub upgraded Ventas from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Mitsubishi UFJ Financial Group started coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.22.
Shares of Ventas (NYSE:VTR) opened at 67.35 on Tuesday. Ventas has a 1-year low of $56.20 and a 1-year high of $76.33. The company’s 50-day moving average is $68.88 and its 200-day moving average is $65.08. The stock has a market cap of $23.99 billion, a P/E ratio of 34.12 and a beta of 0.08.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of VTR. BlackRock Inc. raised its position in Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock valued at $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in Ventas by 1,760.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock valued at $177,555,000 after buying an additional 2,583,233 shares in the last quarter. Vanguard Group Inc. raised its position in Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock valued at $3,318,724,000 after buying an additional 1,110,305 shares in the last quarter. Hexavest Inc. bought a new position in Ventas during the first quarter valued at approximately $69,903,000. Finally, APG Asset Management US Inc. raised its position in Ventas by 4.4% in the first quarter. APG Asset Management US Inc. now owns 14,140,351 shares of the real estate investment trust’s stock valued at $919,688,000 after buying an additional 595,000 shares in the last quarter. Institutional investors and hedge funds own 89.33% 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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