NEW YORK (TheStreet) -- BMO Capital Markets lowered its price target for Ventas (VTR) - Get Reportstock to $61 from $65 on Monday, after the company reported its 2015 third quarter earnings results last week.
The Chicago-based real estate investment trust reported third quarter earnings of 7 cents per diluted share on $827.6 million in revenue.
Analysts surveyed by Thomson Reuters projected earnings of 28 cents per share on revenue of $826.6 million.
Ventas' acquisition of Capital Care Properties caused a "confusing" third quarter result, the firm said.
"Overall, we believe VTR reported a disappointing 3Q15, largely due to significantly higher merger-related expenses," BMO Capital said. "FY15 guidance was raised to $154m at the midpoint (2.6% of transaction volume), or 10.4% of VTR's normalized FFO, compared with 6.1% average."
Shares of Ventas closed down by 0.15% to $55.08 on Monday.
Separately, TheStreet Ratings team rates VENTAS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate VENTAS INC (VTR) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its revenue growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: VTR