Ventas (NYSE:VTR) Price Target Raised to $65.00

Ventas (NYSE:VTR) had its target price raised by Scotiabank from $59.00 to $65.00 in a research report released on Friday, Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the stock. Wolfe Research raised shares of Ventas to a strong-buy rating in a research report on Friday, August 9th. Royal Bank of Canada increased their target price on Ventas from $52.00 to $63.00 and gave the company an outperform rating in a research note on Friday, August 9th. StockNews.com raised Ventas from a sell rating to a hold rating in a research report on Wednesday, July 10th. Wedbush increased their price objective on Ventas from $64.00 to $71.00 and gave the company an outperform rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company raised shares of Ventas from an equal weight rating to an overweight rating and boosted their target price for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $63.63.

Ventas Price Performance

Shares of NYSE:VTR opened at $62.95 on Friday. The stock has a market capitalization of $26.01 billion, a P/E ratio of -157.37, a P/E/G ratio of 2.72 and a beta of 1.36. The business has a 50-day moving average of $61.72 and a two-hundred day moving average of $53.17. Ventas has a fifty-two week low of $40.98 and a fifty-two week high of $65.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.58 and a quick ratio of 0.58.

Ventas (NYSE:VTR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share 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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Ventas will post 3.18 EPS for the current fiscal year.

Ventas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 1st. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Insider Transactions at Ventas

In related news, CFO Robert F. Probst sold 20,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the transaction, the chief financial officer now owns 156,403 shares of the company’s stock, valued at $9,207,444.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares in the company, valued at $9,207,444.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,065 shares of company stock valued at $4,526,464. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. First Community Trust NA acquired a new position in Ventas in the second quarter worth $25,000. ORG Partners LLC bought a new stake in Ventas during the 2nd quarter worth about $27,000. First Financial Corp IN acquired a new stake in Ventas in the 1st quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Ventas in the 2nd quarter valued at about $41,000. Finally, Friedenthal Financial bought a new position in shares of Ventas in the second quarter worth about $51,000. Institutional investors 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.