Ventas (NYSE:VTR) had its target price reduced by investment analysts at Citigroup from $66.00 to $52.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential upside of 4.33% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on VTR. SunTrust Banks set a $55.00 target price on Ventas and gave the stock a “hold” rating in a report on Friday. Wells Fargo & Co set a $54.00 target price on Ventas and gave the stock a “hold” rating in a report on Tuesday. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho set a $53.00 target price on Ventas and gave the stock a “hold” rating in a report on Friday. Finally, BMO Capital Markets set a $55.00 target price on Ventas and gave the stock a “sell” rating in a report on Friday. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.23.
Shares of Ventas (NYSE:VTR) traded down $0.62 during mid-day trading on Tuesday, hitting $49.84. 517,589 shares of the stock traded hands, compared to its average volume of 3,013,246. The firm has a market cap of $18,376.26 and a P/E ratio of 13.22. Ventas has a one year low of $49.17 and a one year high of $72.36. The company has a current ratio of 1.20, a quick ratio of 1.46 and a debt-to-equity ratio of 1.03.
Ventas (NYSE:VTR) last issued its earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The company had revenue of $895.30 million for the quarter, compared to analysts’ expectations of $895.92 million. During the same period last year, the business earned $0.58 EPS. Ventas’s quarterly revenue was up 2.2% compared to the same quarter last year. equities analysts expect that Ventas will post 4.11 EPS for the current year.
A number of large investors have recently modified their holdings of VTR. Janus Henderson Group PLC lifted its stake in Ventas by 97.0% during the 2nd quarter. Janus Henderson Group PLC now owns 97,313 shares of the real estate investment trust’s stock valued at $6,762,000 after acquiring an additional 47,905 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Ventas by 33.7% during the 2nd quarter. Gotham Asset Management LLC now owns 5,719 shares of the real estate investment trust’s stock valued at $397,000 after acquiring an additional 1,440 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ventas during the 2nd quarter valued at $285,000. Raymond James Financial Services Advisors Inc. lifted its stake in Ventas by 5.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 37,333 shares of the real estate investment trust’s stock valued at $2,594,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in Ventas by 22.5% during the 2nd quarter. Verition Fund Management LLC now owns 4,394 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 808 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
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Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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