BidaskClub lowered shares of Ventas, Inc. (NYSE:VTR) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning.
Several other research analysts also recently commented on the stock. BMO Capital Markets reaffirmed a sell rating and issued a $60.00 price target on shares of Ventas in a research note on Wednesday, April 12th. Jefferies Group LLC raised their price target on shares of Ventas from $61.00 to $64.00 and gave the stock a hold rating in a research note on Monday, May 1st. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a research note on Wednesday, June 21st. They issued a hold rating and a $67.00 price target on the stock. Finally, Mizuho reaffirmed a neutral rating on shares of Ventas in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $65.13.
Shares of Ventas (NYSE:VTR) opened at 64.95 on Wednesday. Ventas has a 52 week low of $56.20 and a 52 week high of $74.67. The stock’s 50 day moving average is $67.88 and its 200-day moving average is $65.25. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 32.90 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. On average, equities analysts anticipate that Ventas will post $1.84 earnings per share for the current year.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ledyard National Bank increased its position in Ventas by 23.4% in the first quarter. Ledyard National Bank now owns 54,367 shares of the real estate investment trust’s stock worth $3,536,000 after buying an additional 10,310 shares during the period. Professional Advisory Services Inc. increased its position in Ventas by 17.6% in the first quarter. Professional Advisory Services Inc. now owns 212,197 shares of the real estate investment trust’s stock worth $13,801,000 after buying an additional 31,761 shares during the period. DnB Asset Management AS increased its position in Ventas by 18.4% in the first quarter. DnB Asset Management AS now owns 36,639 shares of the real estate investment trust’s stock worth $2,383,000 after buying an additional 5,700 shares during the period. Regent Investment Management LLC increased its position in Ventas by 7.8% in the first quarter. Regent Investment Management LLC now owns 6,890 shares of the real estate investment trust’s stock worth $448,000 after buying an additional 500 shares during the period. Finally, Oliver Luxxe Assets LLC increased its position in Ventas by 8.0% in the first quarter. Oliver Luxxe Assets LLC now owns 34,430 shares of the real estate investment trust’s stock worth $2,239,000 after buying an additional 2,553 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.
Ventas Company Profile
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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