Brokerages Set Ventas, Inc. (VTR) Target Price at $59.33

Ventas, Inc. (NYSE:VTR) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.33.

VTR has been the topic of several analyst reports. KeyCorp set a $55.00 target price on Ventas and gave the company a “sell” rating in a report on Thursday, December 20th. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a report on Monday, December 31st. BMO Capital Markets upped their target price on Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Monday, February 11th. Morgan Stanley initiated coverage on Ventas in a report on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, Deutsche Bank upped their target price on Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a report on Friday, March 29th.

In related news, CFO Robert F. Probst sold 10,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $65.01, for a total value of $650,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James D. Shelton sold 5,940 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the completion of the transaction, the director now owns 46,860 shares in the company, valued at $3,036,059.40. The disclosure for this sale can be found here. Insiders have sold a total of 107,464 shares of company stock worth $6,900,138 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VTR. JPMorgan Chase & Co. lifted its holdings in shares of Ventas by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after purchasing an additional 1,331,028 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Ventas by 1.8% in the 3rd quarter. Janus Henderson Group PLC now owns 120,335 shares of the real estate investment trust’s stock worth $6,544,000 after purchasing an additional 2,178 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ventas by 23.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock worth $372,410,000 after purchasing an additional 1,282,487 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Ventas by 11.3% in the 3rd quarter. Blair William & Co. IL now owns 24,949 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Ventas by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 359,407 shares of the real estate investment trust’s stock worth $19,544,000 after purchasing an additional 16,100 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

VTR stock traded down $0.71 during trading on Thursday, hitting $61.89. The company had a trading volume of 1,575,940 shares, compared to its average volume of 2,086,599. Ventas has a one year low of $46.55 and a one year high of $65.70. The stock has a market capitalization of $22.37 billion, a PE ratio of 15.21, a PEG ratio of 3.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.53 and a quick ratio of 0.53.

Ventas (NYSE:VTR) last announced its earnings results on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The business had revenue of $923.26 million for the quarter, compared to analysts’ expectations of $913.92 million. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that Ventas will post 3.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Friday, March 29th. Ventas’s payout ratio is 77.89%.

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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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Analyst Recommendations for Ventas (NYSE:VTR)

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