Ventas (NYSE:VTR) had its target price increased by BMO Capital Markets from $60.00 to $62.00 in a research report released on Monday morning. The brokerage currently has a market perform rating on the real estate investment trust’s stock.
Several other analysts have also recently weighed in on the stock. TheStreet cut shares of Ventas from a b rating to a c+ rating in a research note on Friday, October 26th. Royal Bank of Canada cut shares of Ventas from an outperform rating to a sector perform rating and set a $59.00 price objective on the stock. in a research note on Friday, November 2nd. 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 price target on shares of Ventas and gave the company a hold rating in a research note on Monday, October 29th. Finally, JPMorgan Chase & Co. began coverage on shares of Ventas in a research note on Tuesday, October 30th. They set a neutral rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $58.82.
Shares of Ventas stock opened at $64.22 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.56 and a debt-to-equity ratio of 1.04. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 5.03 and a beta of 0.33. Ventas has a 1-year low of $46.55 and a 1-year high of $65.70.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. The firm had revenue of $923.26 million for the quarter, compared to analysts’ expectations of $913.92 million. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, equities analysts anticipate that Ventas will post 3.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be paid a $0.7925 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $3.17 dividend on an annualized basis and a yield of 4.94%. Ventas’s payout ratio is presently 77.89%.
In other Ventas news, EVP T Richard Riney sold 15,676 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $65.00, for a total value of $1,018,940.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $63.31, for a total transaction of $633,100.00. Following the completion of the transaction, the chief financial officer now directly owns 100,064 shares in the company, valued at $6,335,051.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,964 shares of company stock worth $2,607,540. Insiders own 1.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in VTR. Oregon Public Employees Retirement Fund boosted its stake in Ventas by 5,686.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,214,605 shares during the last quarter. Deutsche Bank AG boosted its stake 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 acquiring an additional 2,182,831 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Ventas by 2,095.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,685,731 shares of the real estate investment trust’s stock valued at $98,767,000 after acquiring an additional 1,608,943 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 1,331,028 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 acquiring an additional 1,282,487 shares during the last quarter. 86.02% of the stock is currently owned by hedge funds and other institutional investors.
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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