Ventas (NYSE:VTR) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday, October 17th.
Several other research firms have also recently commented on VTR. TheStreet upgraded Ventas from a “c+” rating to a “b-” rating in a research report on Thursday, July 5th. Bank of America boosted their target price on Ventas from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. Jefferies Financial Group restated a “$57.33” rating and set a $61.00 target price on shares of Ventas in a research report on Wednesday, July 18th. Royal Bank of Canada set a $61.00 target price on Ventas and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Finally, SunTrust Banks restated a “hold” rating and set a $58.00 target price on shares of Ventas in a research report on Tuesday, July 31st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and a consensus target price of $55.46.
Shares of NYSE:VTR traded up $0.56 during midday trading on Wednesday, reaching $60.07. 1,286,687 shares of the company traded hands, compared to its average volume of 2,898,927. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.56. Ventas has a 12 month low of $46.55 and a 12 month high of $65.72. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 4.42 and a beta of -0.02.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The company had revenue of $936.54 million for the quarter, compared to analyst estimates of $920.19 million. During the same period in the previous year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts predict that Ventas will post 4.05 EPS for the current fiscal year.
In other news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of VTR. Loudon Investment Management LLC boosted its holdings in Ventas by 1.5% during the 2nd quarter. Loudon Investment Management LLC now owns 60,252 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 900 shares during the period. Pettyjohn Wood & White Inc. boosted its holdings in Ventas by 1.9% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 51,268 shares of the real estate investment trust’s stock valued at $2,920,000 after acquiring an additional 955 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Ventas by 8.1% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 12,797 shares of the real estate investment trust’s stock valued at $696,000 after acquiring an additional 960 shares during the period. United Asset Strategies Inc. boosted its holdings in Ventas by 9.8% during the 2nd quarter. United Asset Strategies Inc. now owns 11,419 shares of the real estate investment trust’s stock valued at $650,000 after acquiring an additional 1,016 shares during the period. Finally, Trust Co boosted its holdings in Ventas by 19.4% during the 1st quarter. Trust Co now owns 6,325 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 1,028 shares during the period. Hedge funds and other institutional investors own 84.54% 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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