Ventas (NYSE:VTR) Earns “Outperform” Rating from Wedbush

Ventas (NYSE:VTR)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research note issued to investors on Thursday,RTT News reports. They currently have a $75.00 price objective on the real estate investment trust’s stock. Wedbush’s price objective points to a potential upside of 29.92% from the stock’s previous close.

Other research analysts have also issued reports about the company. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Scotiabank boosted their price objective on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Evercore ISI lifted their target price on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho dropped their price target on shares of Ventas from $71.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.63.

Ventas Stock Down 1.7 %

Shares of NYSE:VTR traded down $0.97 during midday trading on Thursday, reaching $57.73. The company had a trading volume of 4,330,193 shares, compared to its average volume of 2,430,024. The stock has a market capitalization of $24.22 billion, a P/E ratio of -339.57, a PEG ratio of 2.78 and a beta of 1.36. The stock’s fifty day moving average price is $63.52 and its 200-day moving average price is $59.22. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. Ventas has a one year low of $41.45 and a one year high of $67.61.

Insider Buying and Selling

In related news, CEO Debra A. Cafaro sold 6,004 shares of Ventas stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $66.11, for a total transaction of $396,924.44. Following the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This trade represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Friedenthal Financial boosted its holdings in shares of Ventas by 1,183.7% in the 3rd quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 11,778 shares in the last quarter. Tandem Capital Management Corp ADV boosted its holdings in Ventas by 62.1% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock valued at $1,778,000 after purchasing an additional 10,620 shares during the period. Perpetual Ltd bought a new position in Ventas during the third quarter valued at approximately $544,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Ventas by 7.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 332,300 shares of the real estate investment trust’s stock worth $21,310,000 after purchasing an additional 24,300 shares during the last quarter. Finally, abrdn plc raised its holdings in Ventas by 28.7% in the third quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock worth $61,878,000 after purchasing an additional 214,384 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.

About Ventas

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.