Ventas (VTR) Declares $0.79 Quarterly Dividend; 6% Yield
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Go back to Ventas (VTR) Declares $0.79 Quarterly Dividend; 6% Yield
May 15, 2018 7:04 AM EDT
By Tracy Rucinski
CHICAGO (Reuters) - Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America's aging population that will succeed where so many other models have struggled.
His secret: strip out the "for-profit" business model, and leverage the real estate in nursing homes for outpatient care.
DeRosa's strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.
His own company, real estate investment trust Welltower... More
May 14, 2018 7:33 AM EDT
RBC Capital lowered its price target on Ventas (NYSE: VTR) to $62.00 (from $63.00) while maintaining a Outperform rating.
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