Ventas (NYSE:VTR) Price Target Raised to $64.00 at Wedbush

Ventas (NYSE:VTR) had its price target upped by equities research analysts at Wedbush from $54.00 to $64.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price target would indicate a potential upside of 14.41% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their price objective on Ventas from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Evercore ISI raised their price objective on Ventas from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company raised their price target on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.92.

Ventas Trading Down 0.8 %

Ventas stock traded down $0.46 during trading on Monday, reaching $55.94. 1,713,310 shares of the company were exchanged, compared to its average volume of 2,270,997. Ventas has a 52-week low of $39.33 and a 52-week high of $57.16. The company has a market capitalization of $22.64 billion, a P/E ratio of -293.93, a PEG ratio of 2.49 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $51.45 and its two-hundred day simple moving average is $47.16.

Ventas (NYSE:VTR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities research analysts expect that Ventas will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the transaction, the director now owns 26,031 shares in the company, valued at approximately $1,259,900.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Walter C. Rakowich sold 2,145 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the sale, the director now owns 26,031 shares in the company, valued at approximately $1,259,900.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Gregory R. Liebbe sold 14,625 shares of Ventas stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $47.70, for a total value of $697,612.50. Following the transaction, the chief accounting officer now directly owns 12,524 shares in the company, valued at $597,394.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,270 shares of company stock valued at $1,672,966. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Community Trust NA bought a new stake in Ventas in the 2nd quarter valued at about $25,000. Manchester Capital Management LLC increased its holdings in Ventas by 77.9% during the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. ORG Partners LLC bought a new stake in Ventas during the 2nd quarter worth approximately $27,000. First Financial Corp IN bought a new stake in Ventas during the 1st quarter worth approximately $30,000. Finally, EdgeRock Capital LLC bought a new stake in Ventas during the 4th quarter worth approximately $37,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Ventas Company Profile

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.