Ventas (VTR) Hits New 52-Week High at $65.06

Ventas, Inc. (NYSE:VTR) shares reached a new 52-week high on Thursday . The company traded as high as $65.06 and last traded at $65.12, with a volume of 280562 shares. The stock had previously closed at $63.16.

A number of research firms have weighed in on VTR. TheStreet lowered shares of Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. ValuEngine raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Stifel Nicolaus set a $55.00 target price on shares of Ventas and gave the stock a “hold” rating in a research note on Monday, October 29th. JPMorgan Chase & Co. began coverage on shares of Ventas in a research note on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Royal Bank of Canada lowered shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 target price on the stock. in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $55.46.

The stock has a market cap of $23.32 billion, a P/E ratio of 15.74, a P/E/G ratio of 4.85 and a beta of 0.06. 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 (NYSE:VTR) last released its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The firm had revenue of $936.54 million for the quarter, compared to analyst estimates of $920.19 million. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 EPS. As a group, analysts predict that Ventas, Inc. will post 4.06 earnings per share for the current year.

In other news, EVP T Richard Riney sold 15,288 shares of Ventas stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $62.50, for a total transaction of $955,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in Ventas by 121.5% in the third quarter. Deutsche Bank AG now owns 3,978,812 shares of the real estate investment trust’s stock valued at $216,363,000 after purchasing an additional 2,182,831 shares during the period. Centersquare Investment Management LLC raised its position in Ventas by 101.5% in the second quarter. Centersquare Investment Management LLC now owns 3,952,742 shares of the real estate investment trust’s stock valued at $225,108,000 after purchasing an additional 1,990,849 shares during the period. JPMorgan Chase & Co. raised its position in Ventas by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock valued at $392,299,000 after purchasing an additional 1,331,028 shares during the period. Bank of New York Mellon Corp raised its position in Ventas by 23.0% in the third quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock valued at $372,410,000 after purchasing an additional 1,282,487 shares during the period. Finally, Renaissance Technologies LLC raised its position in Ventas by 92.4% in the third quarter. Renaissance Technologies LLC now owns 1,969,200 shares of the real estate investment trust’s stock valued at $107,085,000 after purchasing an additional 945,600 shares during the period. 85.30% of the stock is currently owned by hedge funds and other institutional investors.

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Ventas Company Profile (NYSE:VTR)

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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