Ventas (NYSE:VTR) Hits New 52-Week Low at $56.20

Ventas, Inc. (NYSE:VTR) shares reached a new 52-week low on Tuesday . The company traded as low as $56.20 and last traded at $56.65, with a volume of 94521 shares trading hands. The stock had previously closed at $57.50.

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of Ventas to $63.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. Citigroup cut shares of Ventas from a “buy” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $67.00 in a research note on Monday, October 28th. Stifel Nicolaus cut shares of Ventas from a “buy” rating to a “hold” rating and dropped their target price for the company from $74.00 to $66.00 in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Ventas from $61.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 17th. Finally, Berenberg Bank initiated coverage on shares of Ventas in a research note on Thursday, September 12th. They set a “hold” rating and a $72.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. Ventas presently has an average rating of “Hold” and a consensus target price of $66.30.

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $21.42 billion, a PE ratio of 13.95, a PEG ratio of 6.36 and a beta of 0.12. The stock’s 50 day moving average is $61.22 and its 200 day moving average is $67.84.

Ventas (NYSE:VTR) last posted its earnings results on Friday, October 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.71). Ventas had a return on equity of 4.59% and a net margin of 12.73%. The firm had revenue of $983.16 million during the quarter, compared to analysts’ expectations of $935.43 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Ventas, Inc. will post 3.84 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VTR. Nuveen Asset Management LLC lifted its stake in Ventas by 63.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock worth $421,582,000 after purchasing an additional 2,393,109 shares in the last quarter. Heitman Real Estate Securities LLC increased its holdings in shares of Ventas by 897.7% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,444,117 shares of the real estate investment trust’s stock worth $98,705,000 after buying an additional 1,299,372 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Ventas by 809.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock worth $81,778,000 after buying an additional 1,064,842 shares during the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Ventas by 210.4% in the 2nd quarter. AMP Capital Investors Ltd now owns 1,420,073 shares of the real estate investment trust’s stock worth $98,580,000 after buying an additional 962,587 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Ventas by 28.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,272,708 shares of the real estate investment trust’s stock worth $292,040,000 after buying an additional 950,397 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

Ventas Company Profile (NYSE:VTR)

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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