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

Ventas (NYSE:VTR) had its target price lifted by Wedbush from $54.00 to $64.00 in a report released on Monday, Benzinga reports. Wedbush currently has an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for Ventas’ Q3 2024 earnings at $0.79 EPS, FY2024 earnings at $3.17 EPS and FY2025 earnings at $3.30 EPS.

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

Ventas Trading Up 2.7 %

VTR stock traded up $1.50 during midday trading on Monday, hitting $57.17. 3,687,873 shares of the company’s stock were exchanged, compared to its average volume of 2,290,237. The business has a 50-day simple moving average of $51.61 and a two-hundred day simple moving average of $47.22. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $23.14 billion, a PE ratio of -298.58, a P/E/G ratio of 2.49 and a beta of 1.33. Ventas has a 1-year low of $39.33 and a 1-year high of $57.71.

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

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Monday, July 1st. Ventas’s payout ratio is currently -947.37%.

Insider Activity

In other news, insider Peter J. Bulgarelli 668 shares of Ventas stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Peter J. Bulgarelli 668 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,554 shares of company stock worth $1,010,459. Insiders own 1.00% of the company’s stock.

Institutional Trading of Ventas

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Community Trust NA acquired a new position in shares of Ventas in the 2nd quarter valued at $25,000. Manchester Capital Management LLC lifted its position in Ventas by 77.9% in the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. ORG Partners LLC bought a new stake in Ventas in the 2nd quarter valued at $27,000. First Financial Corp IN bought a new stake in Ventas in the 1st quarter valued at $30,000. Finally, EdgeRock Capital LLC bought a new stake in Ventas in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

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.