Latest news with #healthcareREIT
Bloomberg
7 hours ago
- Business
- Bloomberg
PHP Raises Assura Bid to £1.79 Billion in Latest Fight With KKR
A takeover battle for one of London's healthcare REITs took a new turn after the board switched its recommendation from an all-cash private equity offer to a sweetened one by a listed player. Assura Plc 's board announced that it was recommending an increased cash and share offer from industry rival Primary Health Properties Plc over a consortium led by KKR & Co. The latest PHP offer valued Assura at roughly £1.79 billion ($2.4 billion).
Yahoo
4 days ago
- Business
- Yahoo
Ventas Stock: Is VTR Outperforming the Real Estate Sector?
Based in Chicago with a $28.3 billion market cap, Ventas, Inc. (VTR) stands tall as a healthcare real estate investment trust (REIT) titan. With a sprawling portfolio of over 1,000 properties across the U.S., Canada, and the U.K., it is strategically rooted in the aging wave. From senior living communities to cutting-edge life science hubs, medical office buildings to care facilities, Ventas is not just leasing space, but enabling healthcare infrastructure to thrive as populations age and the demand for wellness real estate accelerates worldwide. Companies valued over $10 billion earn the 'large-cap' badge, and Ventas fits the bill with ease. Its rise stems from sharp execution, resilient cash flows, and data-powered asset strategies. Anchored in demographic tailwinds and healthcare demand, Ventas crafts spaces where longevity thrives, making its scale not just size, but strategic substance. OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' How a Stablecoin Could Absolutely Transform This 'Strong Buy' Dividend King 1 Under-the-Radar AI Stock With 50% Upside Potential Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Shares of Ventas touched their 52-week high of $71.36 on April 3, and it's been a slippery slope - down 12.1% from that peak. Over the last three months alone, VTR shed 8%, badly underperforming the Real Estate Select Sector SPDR Fund's (XLRE), which barely flinched and went down just marginally. However, over the longer term, VTR stock rose 24.8% over the past 52 weeks, outperforming XLRE's 8.7% returns over the past year. Ventas has been cruising above the 50- and 200-day moving averages, but the story flipped in May. It slipped beneath the 50-day first, then the 200-day, signaling a shift in momentum. With bearish pressure building, VTR stock now drifts below both lines, hinting that bulls are losing grip and trend strength is quietly unraveling. Ventas has had its fair share of fumbles - too much debt, too many acquisitions, and a senior housing sector wrecked by COVID, and consequently lagging its REIT peers. Yet, even after the bruises, it has delivered a double-digit return in the past year, outpacing most REITs. This is because it is finally syncing its strategy with a demographic goldmine - 10,000 boomers hitting 65 daily. By shedding non-core assets, slashing debt, and upgrading facilities, Ventas is starting to align with the aging wave. With inflation-friendly leases and rising healthcare demand, Ventas is finally gaining ground. Ventas has not kept pace with its rival Welltower Inc. (WELL), which jumped 47.4% over the past year. But here's the twist - Ventas has been shedding debt and sharpening its focus, which has not gone unnoticed by Wall Street. VTR has a consensus rating of 'Strong Buy' from the 20 analysts covering the stock. Meanwhile, the mean price target of $75.58 suggests the stock could rally as much as 20.5% from here. On the date of publication, Sristi Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Reuters
16-05-2025
- Business
- Reuters
Assura takeover battle heats up as PHP outbids KKR-Stonepeak
May 16 (Reuters) - British healthcare REIT Primary Health Properties (PHP) (PHP.L), opens new tab has offered a cash-and-stock deal to buy peer Assura (AGRP.L), opens new tab for about 1.68 billion pounds ($2.23 billion), outbidding rival suitors KKR (KKR.N), opens new tab and Stonepeak Partners. British medical property owner Assura agreed to a 1.61 billion pound takeover bid from KKR (KKR.N), opens new tab and Stonepeak Partners in early April, after rejecting a lower bid from PHP. PHP's new offer values Assura at 51.7 pence, including dividend. That compares with 49.4 pence-per-share offered by KKR and Stonepeak. ($1 = 0.7531 pounds)
