Evercore ISI Boosts Ventas (NYSE:VTR) Price Target to $70.00

Ventas (NYSE:VTR) had its target price upped by Evercore ISI from $64.00 to $70.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s target price indicates a potential upside of 8.65% from the stock’s current price.

A number of other analysts also recently commented on VTR. Wells Fargo & Company boosted their target price on shares of Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Royal Bank of Canada increased their price objective on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Scotiabank raised their price objective 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 Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Wedbush upped their target price on Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Three research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.45.

Ventas Stock Down 0.4 %

Shares of VTR stock opened at $64.43 on Monday. Ventas has a 1 year low of $39.33 and a 1 year high of $65.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The business’s fifty day moving average is $58.29 and its 200-day moving average is $50.66. The stock has a market cap of $26.08 billion, a PE ratio of -339.11, a price-to-earnings-growth ratio of 2.88 and a beta of 1.36.

Ventas (NYSE:VTR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Ventas’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Ventas will post 3.18 earnings per share for the current fiscal year.

Insider Activity at Ventas

In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 90,795 shares in the company, valued at approximately $5,900,767.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 and hedge funds have recently bought and sold shares of the company. First Community Trust NA purchased a new stake in shares of Ventas during the 2nd quarter worth about $25,000. ORG Partners LLC acquired a new position in Ventas in the second quarter worth approximately $27,000. First Financial Corp IN bought a new position in Ventas during the first quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new stake in Ventas in the second quarter valued at approximately $41,000. Finally, Friedenthal Financial acquired a new stake in Ventas in the second quarter valued at approximately $51,000. Hedge funds and other 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.