Ventas (VTR) Downgraded to Sector Perform at Royal Bank of Canada

Royal Bank of Canada downgraded shares of Ventas (NYSE:VTR) from an outperform rating to a sector perform rating in a research report report published on Friday morning, Marketbeat reports. They currently have $59.00 target price on the real estate investment trust’s stock.

VTR has been the topic of several other reports. SunTrust Banks reaffirmed a hold rating and issued a $58.00 price target on shares of Ventas in a research note on Tuesday, July 31st. ValuEngine raised Ventas from a sell rating to a hold rating in a research note on Wednesday, October 17th. Cantor Fitzgerald reaffirmed a hold rating and issued a $56.00 price target on shares of Ventas in a research note on Friday, July 27th. TheStreet raised Ventas from a c+ rating to a b- rating in a research note on Thursday, July 5th. Finally, Stifel Nicolaus set a $55.00 price target on Ventas and gave the stock a hold rating in a research note on Monday, October 29th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. Ventas presently has an average rating of Hold and a consensus price target of $55.46.

VTR opened at $56.59 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.56. Ventas has a 52-week low of $46.55 and a 52-week high of $65.72. The company has a market cap of $20.17 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 3.86 and a beta of -0.02.

Ventas (NYSE:VTR) last posted its earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The firm had revenue of $936.54 million for the quarter, compared to analysts’ expectations of $920.19 million. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. As a group, equities analysts anticipate that Ventas will post 4.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, October 1st were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Friday, September 28th. Ventas’s dividend payout ratio (DPR) is 75.96%.

In other Ventas news, EVP T Richard Riney sold 13,708 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in VTR. Legacy Advisors LLC boosted its holdings in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 1,967 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Ventas by 591.7% during the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Ventas by 354.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 2,341 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Ventas by 83.9% during the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Ventas during the second quarter valued at $188,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.

About Ventas

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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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Analyst Recommendations for Ventas (NYSE:VTR)

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