Ventas, Inc. (NYSE:VTR) Receives $58.67 Average Target Price from Brokerages

Ventas, Inc. (NYSE:VTR) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.67.

Several equities analysts have weighed in on VTR shares. Royal Bank of Canada raised their price target on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Scotiabank boosted their target price on shares of Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush upped their target price on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Evercore ISI boosted their price objective on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th.

Insider Transactions at Ventas

In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now directly owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock worth $4,526,464 in the last ninety days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Ventas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new position in Ventas in the 2nd quarter valued at about $135,425,000. ANTIPODES PARTNERS Ltd bought a new position in Ventas during the 2nd quarter valued at $73,517,000. Centersquare Investment Management LLC grew its holdings in Ventas by 11.5% during the 1st quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock worth $345,667,000 after acquiring an additional 802,546 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Ventas by 65.6% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,486,572 shares of the real estate investment trust’s stock worth $74,091,000 after purchasing an additional 588,818 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of Ventas by 217.4% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 856,525 shares of the real estate investment trust’s stock valued at $43,905,000 after purchasing an additional 586,676 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Trading Up 0.0 %

NYSE:VTR opened at $63.84 on Tuesday. Ventas has a 52-week low of $39.33 and a 52-week high of $65.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $60.01 and a 200-day simple moving average of $51.66. The company has a market capitalization of $26.38 billion, a PE ratio of -335.98, a price-to-earnings-growth ratio of 2.83 and a beta of 1.36.

Ventas (NYSE:VTR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, equities research analysts expect that Ventas will post 3.18 earnings per share for the current fiscal year.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.82%. Ventas’s dividend payout ratio (DPR) is presently -947.32%.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.