Jefferies maintains a 'Buy' on Ventas (VTR); Don't Panic - Kindred Lease Expiration Is Manageable

April 30, 2012 12:29 PM EDT Send to a Friend
Get Alerts VTR Hot Sheet
Price: $71.67 --0%

Rating Summary:
    3 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 1 | New: 1
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Jefferies maintains a 'Buy' on Ventas (NYSE: VTR) price target raised from $63 to $65.

Analyst, Omotayo Okusanya, said, "We maintain our rating on VTR given: 1) an attractive earnings and dividend growth profile over the next 1-2 years; 2) access to capital markets to pursue accretive acquisitions; and 3) a top-notch seniors housing operating platform that should generate strong earnings growth."

"We are maintaining our 2012E FFO/share of $3.80, and revising our 2013E FFO/sh to $4.04, from $4.06, reflecting: (i) 1Q12 results, (ii) recent capital markets activity, and (iii) revised acquisition and financing assumptions."

For an analyst ratings summary and ratings history on Ventas click here. For more ratings news on Ventas click here.

Shares of Ventas closed at $59.20 yesterday, with a 52 week range of $43.25-$59.38.


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