Ventas (NYSE: VTR) was downgraded by equity researchers at financial group Sumitomo Mitsui from an “outperforming” rating to a “neutral” rating in a report released on Monday, Targets.com prices reports. They currently have a price target of $ 55.00 on REIT shares. Sumitomo Mitsui Financial Group’s price target points to a potential rise of 7.11% from the current share price.
Other stock analysts have also recently published reports on the company. Capital One Financial reaffirmed a “peer-to-peer” rating on Ventas shares in a report released on Friday, November 5th. Raymond James downgraded Ventas from an “outperform” rating to a “strong buy” rating and raised his target price for the company from $ 65.00 to $ 67.00 in a research note on Thursday 23 September. BMO Capital Markets upgraded Ventas from an “underperformance” rating to a “market performance” rating and set a target price of $ 60.00 for the company in a research note on Thursday, August 26. Deutsche Bank Aktiengesellschaft lifted Ventas from a “keep” note to a “buy” note and increased its target price for the company from $ 61.00 to $ 66.00 in a research note on Tuesday 7 September. Finally, Morgan Stanley began covering Ventas in a research note on Monday, October 4. They issued an “equal weight” rating and a target price of $ 60.00 for the company. Eight analysts rated the stock with a conservation rating, six issued a buy rating and one issued a strong buy rating for the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $ 59.24.
Ventas stock opened at $ 51.35 on Monday. The stock’s 50-day moving average is $ 55.15 and its 200-day moving average is $ 56.34. The company has a market cap of $ 20.50 billion, a price / earnings ratio of 96.89, a price / earnings-growth ratio of 4.94, and a beta of 1.17. The company has a debt to equity ratio of 1.08, a current ratio of 0.59, and a quick ratio of 0.71. Ventas has a 12-month low of $ 45.40 and a 12-month high of $ 61.09.
Ventas (NYSE: VTR) last released its quarterly earnings data on Friday, November 5. The REIT reported EPS of $ 0.16 for the quarter, beating analyst consensus estimates of $ 0.05 by $ 0.11. The company posted revenue of $ 976.10 million for the quarter, compared to a consensus estimate of $ 924.40 million. Ventas recorded a return on equity of 1.93% and a net margin of 5.38%. The company’s quarterly revenue increased 6.2% compared to the same quarter last year. During the same period last year, the company posted $ 0.75 in EPS. Research analysts predict that Ventas will post 2.9 EPS for the current year.
In addition, CEO Debra A. Cafaro sold 18,075 Ventas shares in a transaction that took place on Wednesday, September 1. The stock was sold for an average price of $ 56.63, for a total value of $ 1,023,587.25. Following the completion of the transaction, the CEO now owns 759,351 shares of the company, valued at approximately $ 43,002,047.13. The sale was disclosed in a legal file with the SEC, which is available through this hyperlink. 1.30% of the shares are currently held by insiders of the company.
Hedge funds and other institutional investors recently changed their positions in the stock. Financial Insights Inc. purchased a new equity stake in Ventas in the second quarter valued at approximately $ 26,000. MUFG Americas Holdings Corp purchased a new equity stake in Ventas in the third quarter valued at approximately $ 27,000. FORA Capital LLC purchased a new stake in Ventas shares in the 1st quarter valued at approximately $ 28,000. US Asset Management LLC purchased a new equity stake in Ventas in the third quarter valued at approximately $ 29,000. Finally, D Orazio & Associates Inc. purchased a new equity interest in Ventas in the 3rd quarter valued at approximately $ 30,000. 91.41% of the shares are currently held by institutional investors and hedge funds.
Ventas, Inc. engages in the acquisition and ownership of senior housing and healthcare properties. The company invests in senior housing and health properties through acquisitions and leases its properties to unaffiliated tenants or operates them through independent third party managers. It operates through the following segments: triple-net leased properties, senior residence operations and office operations.
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