KBW Raising Estimates On Ventas Inc. (VTR)

Keefe Bruyette & Woods is raising its estimates on shares of Ventas Inc. VTR, and has an Outperform rating and a $62 price target on shares. In a note to clients, KBW writes, "We are raising our 2012 FFO estimate by $0.07, to $3.45 to reflect expected accretion from the pending acquisition of NHP. Although the deal has diluted VTR's exposure to senior housing fundamentals, the addition of NHP should significantly enhance the company's capacity to source accretive acquisition and development opportunities. As such, we view yesterday's pullback as an attractive opportunity and reiterate our Outperform rating and $62 price target." Shares of VTR lost $1.77 yesterday to close at $55.42, a loss of 3.09%.