Ventas, Inc. (NYSE:VTR) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday, June 28th.
VTR has been the topic of a number of other research reports. Evercore ISI cut Ventas from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) cut Ventas from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Wednesday, March 15th. BMO Capital Markets restated a “sell” rating and issued a $55.00 price target on shares of Ventas in a research note on Monday, March 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $58.00 price target on shares of Ventas in a research note on Friday, April 7th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $66.22.
Ventas (VTR) traded down 0.43% during trading on Wednesday, hitting $67.12. 1,326,824 shares of the stock were exchanged. The firm’s 50 day moving average price is $68.86 and its 200-day moving average price is $64.98. Ventas has a 1-year low of $56.20 and a 1-year high of $76.57. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 34.11 and a beta of 0.08.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a return on equity of 6.34% and a net margin of 20.10%. The company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Ventas will post $1.81 EPS for the current year.
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In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the transaction, the chairman now directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of VTR. Grove Bank & Trust raised its position in shares of Ventas by 4.8% in the second quarter. Grove Bank & Trust now owns 8,087 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 368 shares in the last quarter. CAPROCK Group Inc. raised its position in shares of Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 27 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Ventas during the second quarter worth approximately $203,000. Bbva Compass Bancshares Inc. raised its position in shares of Ventas by 7.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 17,005 shares of the real estate investment trust’s stock worth $1,182,000 after buying an additional 1,195 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Ventas by 1.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,866 shares of the real estate investment trust’s stock worth $2,978,000 after buying an additional 497 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Company Profile
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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