Ventas (NYSE:VTR) had its target price lifted by analysts at BMO Capital Markets from $60.00 to $62.00 in a report issued on Monday. The firm presently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential downside of 2.36% from the stock’s previous close.
VTR has been the topic of a number of other research reports. Zacks Investment Research downgraded Ventas from a “hold” rating to a “sell” rating in a report on Monday, December 31st. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Royal Bank of Canada downgraded Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective on the stock. in a report on Friday, November 2nd. JPMorgan Chase & Co. started coverage on Ventas in a research report on Tuesday, October 30th. They set a “neutral” rating and a $60.00 target price for the company. Finally, Stifel Nicolaus set a $55.00 target price on Ventas and gave the stock a “hold” rating in a research report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.92.
Shares of VTR traded down $0.77 during trading hours on Monday, reaching $63.50. The company’s stock had a trading volume of 95,790 shares, compared to its average volume of 1,974,819. Ventas has a 1-year low of $46.55 and a 1-year high of $65.70. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 5.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.53 and a quick ratio of 0.56.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The firm had revenue of $923.26 million for the quarter, compared to the consensus estimate of $913.92 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Ventas will post 3.84 earnings per share for the current fiscal year.
In related news, EVP T Richard Riney sold 15,288 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $62.50, for a total value of $955,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VTR. Oregon Public Employees Retirement Fund raised its stake in Ventas by 5,686.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 2,214,605 shares in the last quarter. Deutsche Bank AG raised its stake in Ventas by 121.5% during the third quarter. Deutsche Bank AG now owns 3,978,812 shares of the real estate investment trust’s stock worth $216,363,000 after acquiring an additional 2,182,831 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Ventas by 2,095.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,685,731 shares of the real estate investment trust’s stock worth $98,767,000 after acquiring an additional 1,608,943 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ventas by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after acquiring an additional 1,331,028 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Ventas by 23.0% during the third quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock worth $372,410,000 after acquiring an additional 1,282,487 shares in the last quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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