Evercore ISI Analysts Give Ventas (NYSE:VTR) a $59.00 Price Target

Evercore ISI set a $59.00 price target on Ventas (NYSE:VTRGet Rating) in a research note issued to investors on Monday, Stock Target Advisor reports.

VTR has been the subject of a number of other reports. Bank of America upgraded Ventas from a neutral rating to a buy rating and set a $65.00 price target for the company in a report on Friday, March 11th. Mizuho boosted their price target on Ventas from $61.00 to $65.00 and gave the company a buy rating in a report on Monday, March 21st. BMO Capital Markets upgraded Ventas from a market perform rating to an outperform rating and boosted their price target for the company from $57.00 to $67.00 in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Ventas from $64.00 to $67.00 in a report on Wednesday, April 27th. Finally, Raymond James boosted their price target on Ventas from $60.00 to $67.00 and gave the company a strong-buy rating in a report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ventas presently has an average rating of Moderate Buy and a consensus target price of $63.00.

Shares of VTR opened at $49.75 on Monday. The business’s 50 day moving average is $55.54 and its two-hundred day moving average is $54.67. Ventas has a 52-week low of $45.44 and a 52-week high of $64.02. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 127.57, a PEG ratio of 2.97 and a beta of 1.16. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Friday, July 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 3.62%. Ventas’s dividend payout ratio (DPR) is 461.55%.

In other news, CEO Debra A. Cafaro sold 17,400 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $62.49, for a total transaction of $1,087,326.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Debra A. Cafaro sold 69,602 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $63.40, for a total value of $4,412,766.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,402 shares of company stock valued at $6,481,975. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of Ventas during the first quarter valued at $25,000. Prospera Financial Services Inc acquired a new position in Ventas during the first quarter valued at $28,000. US Asset Management LLC acquired a new position in Ventas during the first quarter valued at $32,000. West Bancorporation Inc. acquired a new position in Ventas during the first quarter valued at $33,000. Finally, CENTRAL TRUST Co raised its position in Ventas by 2,053.8% during the first quarter. CENTRAL TRUST Co now owns 560 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 534 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

About Ventas (Get Rating)

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

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Analyst Recommendations for Ventas (NYSE:VTR)

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