JPMorgan Chase & Co. began coverage on shares of Ventas (NYSE:VTR) in a report released on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $60.00 target price on the real estate investment trust’s stock.
Several other brokerages have also issued reports on VTR. TheStreet upgraded Ventas from a c+ rating to a b- rating in a report on Thursday, July 5th. Bank of America lifted their price target on Ventas from $55.00 to $60.00 and gave the company a neutral rating in a report on Tuesday, July 10th. Jefferies Financial Group reiterated a $57.33 rating and set a $61.00 price target on shares of Ventas in a report on Wednesday, July 18th. Stifel Nicolaus set a $55.00 price target on Ventas and gave the company a hold rating in a report on Monday. Finally, Royal Bank of Canada set a $61.00 price target on Ventas and gave the company a buy rating in a report on Tuesday, July 31st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $55.46.
Shares of NYSE VTR opened at $58.11 on Tuesday. Ventas has a one year low of $46.55 and a one year high of $65.72. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 4.02 and a beta of 0.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.56.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The business had revenue of $936.54 million during the quarter, compared to analyst estimates of $920.19 million. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 EPS. Equities analysts expect that Ventas will post 4.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, September 28th. Ventas’s payout ratio is 75.96%.
In other Ventas news, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of Ventas by 0.4% during the first quarter. Principal Financial Group Inc. now owns 548,783 shares of the real estate investment trust’s stock valued at $27,181,000 after purchasing an additional 1,915 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ventas during the first quarter valued at approximately $280,000. Park National Corp OH bought a new stake in shares of Ventas during the second quarter valued at approximately $225,000. Gulf International Bank UK Ltd increased its position in shares of Ventas by 2.7% during the second quarter. Gulf International Bank UK Ltd now owns 117,086 shares of the real estate investment trust’s stock valued at $6,668,000 after purchasing an additional 3,099 shares during the period. Finally, DnB Asset Management AS increased its position in shares of Ventas by 3.7% during the second quarter. DnB Asset Management AS now owns 42,039 shares of the real estate investment trust’s stock valued at $2,394,000 after purchasing an additional 1,500 shares during the period. 84.40% of the stock is currently owned by institutional investors.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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