Ventas (NYSE:VTR) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.
VTR has been the subject of several other research reports. KeyCorp lowered their price target on Ventas from $50.00 to $43.00 and set an “underweight” rating for the company in a report on Monday, April 16th. BMO Capital Markets raised Ventas from an “underperform” rating to a “market perform” rating and set a $55.00 price target for the company in a report on Monday, April 30th. They noted that the move was a valuation call. Cantor Fitzgerald started coverage on Ventas in a report on Sunday, June 3rd. They issued a “neutral” rating and a $56.00 price target for the company. TheStreet downgraded Ventas from a “b-” rating to a “c+” rating in a report on Thursday, March 8th. Finally, Deutsche Bank lowered their price target on Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a report on Monday, March 19th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.85.
Shares of Ventas opened at $56.95 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.68 and a beta of 0.11. Ventas has a fifty-two week low of $46.55 and a fifty-two week high of $70.18.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.79). The business had revenue of $943.70 million during the quarter, compared to analyst estimates of $874.42 million. Ventas had a return on equity of 5.24% and a net margin of 34.04%. Ventas’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. equities analysts anticipate that Ventas will post 4.04 earnings per share for the current year.
In related news, Chairman Debra A. Cafaro sold 15,505 shares of Ventas stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $55.00, for a total transaction of $852,775.00. Following the completion of the sale, the chairman now owns 759,672 shares of the company’s stock, valued at $41,781,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Debra A. Cafaro sold 15,439 shares of Ventas stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $55.00, for a total value of $849,145.00. Following the sale, the chairman now directly owns 759,606 shares of the company’s stock, valued at approximately $41,778,330. The disclosure for this sale can be found here. Insiders have sold 65,851 shares of company stock valued at $3,559,027 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.
A number of large investors have recently made changes to their positions in VTR. Certified Advisory Corp acquired a new position in Ventas in the fourth quarter valued at approximately $102,000. Icon Wealth Partners LLC acquired a new position in Ventas in the fourth quarter valued at approximately $114,000. Aevitas Wealth Management Inc. acquired a new position in Ventas in the fourth quarter valued at approximately $114,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new position in Ventas in the fourth quarter valued at approximately $116,000. Finally, Summit Trail Advisors LLC lifted its holdings in Ventas by 3,729.4% in the first quarter. Summit Trail Advisors LLC now owns 159,648 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 155,479 shares during the period. 84.35% of the stock is owned by institutional investors.
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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