Ventas, Inc. (NYSE:VTR – Get Free Report) hit a new 52-week high on Wednesday after Wedbush raised their price target on the stock from $64.00 to $71.00. Wedbush currently has an outperform rating on the stock. Ventas traded as high as $65.06 and last traded at $64.98, with a volume of 542237 shares trading hands. The stock had previously closed at $64.97.
A number of other research analysts have also weighed in on VTR. Evercore ISI upped their price objective on Ventas from $61.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada boosted their target price on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Scotiabank raised their price target on Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.91.
View Our Latest Stock Report on Ventas
Insider Activity at Ventas
Institutional Trading of Ventas
Hedge funds have recently made changes to their positions in the company. First Community Trust NA bought a new stake in Ventas in the second quarter valued at $25,000. Manchester Capital Management LLC grew its position in shares of Ventas by 77.9% during the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. ORG Partners LLC purchased a new position in Ventas in the 2nd quarter worth approximately $27,000. First Financial Corp IN bought a new stake in shares of Ventas during the 1st quarter worth $30,000. Finally, EdgeRock Capital LLC purchased a new position in Ventas in the second quarter worth $41,000. 94.18% of the stock is owned by institutional investors and hedge funds.
Ventas Trading Up 0.0 %
The company has a market capitalization of $26.85 billion, a PE ratio of -341.88, a PEG ratio of 2.80 and a beta of 1.36. The stock has a fifty day moving average of $57.00 and a two-hundred day moving average of $49.88. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36.
Ventas (NYSE:VTR – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. As a group, sell-side analysts anticipate that Ventas, Inc. will post 3.16 earnings per share for the current fiscal year.
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.
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