Company Update: Ventas Inc (NYSE:VTR) – Ventas Announces Pricing of Common Stock Offering

[Business Wire] – Ventas, Inc. today announced the pricing of an underwritten public offering of 9,000,000 shares of its common stock for total estimated gross proceeds of approximately $649 million. Read more on this. Ventas, Inc. (VTR) , valued at $24.96B, began trading this morning at $73.23. Looking at today’s market, VTR one day range is $72.96 to $73.83 with the price of the stock fluctuating between $46.87 to $73.83 over the last 52 weeks. Ventas (VTR) shares are currently priced at 17.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.29x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.92 per share annually in dividends, yielding 4.34%. According to a consensus of 13 analysts, the earnings estimate of $1.04 per share would be $0.14 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.15, which would be a $0.32 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $845.40 Million. If reported, that would be a 5.15% decrease over the year-ago quarter. In terms of ratings, Goldman downgraded VTR from Buy to Neutral (Mar 24, 2016). Previously, Mizuho upgraded VTR from Neutral to Buy. The average price target for VTR shares by the analysts covering the stock is $62.54, which is 14.60% below where the stock opened this morning. See more in (NYSE:VTR) Similar Articles: Stock Update: Ventas Inc (NYSE:VTR) – Ventas Elects Walter C. Rakowich and Roxanne M. Martino to Board of Directors Company Update: Ventas Inc (NYSE:VTR) – Ventas and Kindred In Agreement to Enhance LTAC Portfolio Operated by Kindred Market Update: Ventas Inc (NYSE:VTR) – Ventas Announces Fourth Quarter and Year-End 2015 Earnings Release Date and Conference Call