Ventas, Inc. (NYSE:VTR) has been given an average recommendation of “Hold” by the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $66.59.
Several brokerages have recently weighed in on VTR. Raymond James upgraded shares of Ventas from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Bank of America reiterated a “neutral” rating and set a $72.50 price objective (up previously from $67.00) on shares of Ventas in a research note on Friday, June 21st. Stifel Nicolaus upgraded shares of Ventas from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $74.00 in a research note on Wednesday, June 19th. ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Ventas to $71.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th.
Shares of Ventas stock traded up $0.40 during trading hours on Wednesday, hitting $71.69. The company had a trading volume of 1,936,887 shares, compared to its average volume of 2,163,913. The company’s 50-day moving average price is $68.95. Ventas has a twelve month low of $51.80 and a twelve month high of $73.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $26.69 billion, a P/E ratio of 17.61, a P/E/G ratio of 5.89 and a beta of 0.27.
In other Ventas news, EVP T Richard Riney sold 29,702 shares of Ventas stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $70.45, for a total value of $2,092,505.90. Following the completion of the transaction, the executive vice president now owns 163,488 shares of the company’s stock, valued at $11,517,729.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Debra A. Cafaro sold 68,084 shares of Ventas stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.54, for a total transaction of $4,530,309.36. Following the completion of the transaction, the chairman now directly owns 805,835 shares of the company’s stock, valued at approximately $53,620,260.90. The disclosure for this sale can be found here. Insiders have sold 165,866 shares of company stock valued at $11,323,058 in the last three months. Corporate insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ventas by 1.8% in the second quarter. Vanguard Group Inc. now owns 47,600,392 shares of the real estate investment trust’s stock valued at $3,253,487,000 after buying an additional 823,797 shares during the last quarter. BlackRock Inc. increased its stake in Ventas by 0.4% in the 1st quarter. BlackRock Inc. now owns 36,891,328 shares of the real estate investment trust’s stock worth $2,354,034,000 after purchasing an additional 158,707 shares in the last quarter. Centersquare Investment Management LLC increased its stake in Ventas by 397.7% in the 1st quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock worth $333,092,000 after purchasing an additional 15,497,390 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Ventas by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,852,008 shares of the real estate investment trust’s stock worth $468,335,000 after purchasing an additional 301,209 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Ventas by 5.0% in the 2nd quarter. Northern Trust Corp now owns 6,373,127 shares of the real estate investment trust’s stock worth $435,603,000 after purchasing an additional 304,431 shares in the last quarter. 84.18% of the stock is owned by hedge funds and other institutional investors.
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, and health systems.
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