Movement Alert｜Ventas Intraday Decline 6.24% in Regular Trading, BNP Paribas Cuts Price Target to 93

Market Focus10-28

On October 28, Ventas fell 6.24% in Regular Trading, trading near $78.11 with turnover of $61.24 million. The clearest catalyst in the available news flow was BNP Paribas lowering its price target on Ventas to $93 from $110.

The target cut arrived after Ventas reported third-quarter normalized FFO of $0.99 per diluted share, above the $0.98 consensus and up from $0.90 a year earlier, while revenue rose to $1.83 billion from $1.49 billion and exceeded the $1.77 billion expectation. Ventas also raised full-year normalized FFO guidance to $3.87 to $3.90 from $3.85 to $3.90, versus a $3.89 consensus expectation. Even so, the latest analyst reset appears to have outweighed the modest earnings beat in the immediate market reaction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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