Mizuho Securities Remains Neutral on Ventas (VTR) Ahead of Peer Earnings Results

Mizuho Securities maintained a Neutral rating on Ventas (NYSE: VTR), and cut the price target to $51.00 (from $54.00), following the company's 4Q earnings report and guidance. Mizuho says investors seemed to have focused on the weak same store outlook, which is encountering headwinds related to supply and healthcare delivery changes. Many of VTR's peers report in the coming weeks, including large cap HCN, and Mizuho plans to make a broader judgment in the aftermath, once all the votes are in.

Analyst Richard Anderson commented, "VTR reported a sound 4Q15 result and issued FFO guidance that was roughly in line. Investors seemed to focus on the lackluster same store outlook, which is encountering headwinds related to supply (senior housing) and healthcare delivery changes (post-acute). The question is if these factors are overly priced in, or if there is more downside to come. We will make a holistic call after we hear from VTR's peers in the coming weeks. For now, we reiterate our Neutral rating; PT to $51 from $54 based on a one-turn reduction to our target multiple."

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 $48.43 yesterday.

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