|Bid||56.15 x 1000|
|Ask||56.17 x 1000|
|Day's Range||55.93 - 59.14|
|52 Week Range||54.59 - 75.40|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||47.87|
|Earnings Date||Apr 23, 2020 - Apr 27, 2020|
|Forward Dividend & Yield||3.17 (5.33%)|
|Ex-Dividend Date||Dec 30, 2019|
|1y Target Est||60.89|
Shares of real estate investment trusts (REITs) suffered a broad selloff in afternoon trading Tuesday, despite another tumble in the 10-year Treasury yield to a record low. REITs tend to outperform when Treasurys rally and yields fall, as their relatively high dividend yields make them more attractive in a lower yield environment, and their usual relative price stability makes tends to make them attractive in a volatile market environment. The SPDR Real Estate Select Sector ETF dropped 2.4%, with 30 of 31 components losing ground, just a little better than the S&P 500's 2.8% decline. The REIT ETF's yield is 2.93% while the implied yield for the S&P 500 is 1.94%. Meanwhile, the 10-year Treasury yield fell 6.0 basis points to a record low of 1.317%. Within the REIT sector tracker, the biggest loser and most active stock was Host Hotels & Resorts Inc. , which slumped 5.8%. Among other more-active components, shares of Ventas Inc. declined 5.3%, Digital Realty Trust Inc. slipped 0.2% and Simon Property Group Inc. gave up 3.7%.
Shares of real estate investment trusts (REITs) were broadly higher Friday, as the relatively high-yielding sector was benefiting from a tumble in Treasury yields. The SPDR Real Estate Select Sector ETF rose 0.4% to be the best performer among the SPDR ETFs tracking the S&P 500's 11 key sectors. The REIT ETF was trading just shy of the Feb. 14 record closing price of $41.88. Among the more-active components, shares of Ventas Inc. rose 0.5%, Prologis Inc. tacked on 0.3% and Digital Realty Trust Inc. advanced 0.6%. Meanwhile, Host Hotels & Resorts Inc. fell 0.9%. The yield on the 30-year Treasury note fell 6.9 basis points toward a record low of 1.904%, amid fears that the coronavirus outbreak's impact on economic growth will not be contained to China. Meanwhile, the yield on the REIT ETF 2.818%, compared with the implied yield on the S&P 500 of 1.82%.
Ventas (VTR) delivered FFO and revenue surprises of 1.09% and 1.69%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Ventas, Inc. (NYSE: VTR) (the "Company") today announced its results for the fourth quarter and full year ended December 31, 2019.
Ventas, Inc. (NYSE: VTR) today announced that it has appointed J. Justin Hutchens as Executive Vice President, Senior Housing, North America, effective April 1, 2020. The appointment is part of a series of actions, including a realignment of current executive team responsibilities, to accelerate performance in senior housing and build on the Company’s strengths.
Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company"), today announced that it has sponsored and formed the Ventas Life Science and Healthcare Real Estate Fund, L.P. (the "Fund"), a perpetual life vehicle that will focus on investments in core and core plus life science, medical office and senior housing real estate. The Fund is expected to launch during the first quarter of 2020 with more than $700 million in assets under management and third-party equity commitments of approximately $650 million.
Ventas' (VTR) Q4 results will likely reflect decent performance of its office operations, though choppy condition of the senior housing market is a concern.
Building on the momentum of a strong year of environmental, social and governance (ESG) activity, Ventas, Inc. (NYSE: VTR) announced today that it is the first S&P 500 REIT to become a signatory to the United Nations Global Compact ("UNGC"). Ventas joins more than 10,000 companies around the world including real estate leaders JLL, CBRE and Cushman & Wakefield, in making a voluntary commitment to align company strategies and operations with universal principles on human rights, labor, environment and anti-corruption. In addition, Ventas has also signed the United Nations Women’s Empowerment Principles ("WEP"), a set of guidelines established jointly by the UNGC and United Nations Women to offer guidance and foster business practices to empower and advance women at work.
The Louisville-based specialty hospital and rehabilitation company has a new credit opinion out from Moody's Investors Service.
Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today that it will update its senior housing operating portfolio ("SHOP") non-GAAP methodologies, definitions and policies (the "SHOP Policies"), effective January 1, 2020, to provide enhanced transparency, consistency and comparability between companies on organic operating results and guidance. The Company expects to provide additional detail to investors, analysts and other stakeholders when it reports its 2019 full year and fourth quarter results, currently scheduled for February 20, 2020.
Equinix's (EQIX) efforts to expand its International Business Exchange (IBX) platform are expected to have aided revenue growth in Q4.
Healthpeak (PEAK) is expected to have benefited from transformation of its senior-housing operating portfolio (SHOP) asset quality in fourth-quarter 2019.
Moody's Investors Service ("Moody's") today announced that it affirmed Kindred Healthcare LLC's ("Kindred") B2 corporate family rating ("CFR") and B2-PD probability of default rating. The rating agency also affirmed Kindred's upsized senior secured term loan rating at B3. Today's rating actions follow Kindred's announcement that it is increasing its senior secured term loan by $150 million, with proceeds to be used to repay most of the company's outstanding asset-based revolver drawings.
Ventas, Inc. (NYSE: VTR) today announced that it has been included in the 2020 Bloomberg Gender-Equality Index (GEI) for the first time. Earning its strongest scores for overall disclosures (100%) and for data excellence around equal pay and gender pay parity and sexual harassment policies, Ventas joins 325 companies across 50 industries in 42 countries and regions as a leader in its commitment to transparency in gender reporting and advancing women’s equality.
Ventas, Inc. (NYSE: VTR) will issue its fourth quarter 2019 earnings release prior to the opening of trading on the New York Stock Exchange on Thursday, February 20, 2020. A conference call to discuss those earnings will be held the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).