Ventas (NYSE:VTR) Price Target Raised to $72.00

by · The Cerbat Gem

Ventas (NYSE:VTR – Free Report) had its target price increased by Scotiabank from $71.00 to $72.00 in a report published on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on VTR. Morgan Stanley upped their target price on shares of Ventas from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Mizuho boosted their price objective on Ventas from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Wall Street Zen lowered Ventas from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Wells Fargo & Company upped their price target on Ventas from $72.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Finally, Argus set a $75.00 price target on Ventas in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.90.

Read Our Latest Report on VTR

Ventas Stock Up 0.4%

NYSE:VTR opened at $63.60 on Monday. Ventas has a one year low of $49.49 and a one year high of $71.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $28.70 billion, a PE ratio of 192.73, a P/E/G ratio of 2.29 and a beta of 0.89. The firm’s 50 day simple moving average is $65.04 and its 200 day simple moving average is $63.90.

Ventas (NYSE:VTR – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. Ventas had a return on equity of 1.36% and a net margin of 2.80%. Ventas’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. On average, research analysts anticipate that Ventas will post 3.4 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, June 30th. Ventas’s dividend payout ratio is currently 581.82%.

Insiders Place Their Bets

In other Ventas news, EVP Carey S. Roberts sold 23,500 shares of Ventas stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $64.23, for a total transaction of $1,509,405.00. Following the completion of the sale, the executive vice president now owns 116,650 shares of the company’s stock, valued at $7,492,429.50. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Debra A. Cafaro sold 44,551 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $71.06, for a total value of $3,165,794.06. Following the completion of the sale, the chief executive officer now owns 1,145,695 shares of the company’s stock, valued at $81,413,086.70. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,586 shares of company stock valued at $10,997,929 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ventas

Several institutional investors have recently bought and sold shares of VTR. Principal Securities Inc. raised its holdings in shares of Ventas by 12.4% during the fourth quarter. Principal Securities Inc. now owns 5,102 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 562 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Ventas by 17.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,221 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 177 shares in the last quarter. Ieq Capital LLC raised its holdings in Ventas by 9.1% in the 4th quarter. Ieq Capital LLC now owns 20,719 shares of the real estate investment trust’s stock worth $1,220,000 after purchasing an additional 1,724 shares in the last quarter. TCW Group Inc. lifted its position in shares of Ventas by 0.5% in the 4th quarter. TCW Group Inc. now owns 83,756 shares of the real estate investment trust’s stock worth $4,932,000 after purchasing an additional 384 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Ventas by 89.1% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,324 shares of the real estate investment trust’s stock valued at $4,848,000 after purchasing an additional 38,800 shares in the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

About Ventas

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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.

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