Ventas (NYSE:VTR) Price Target Increased to $70.00 by Analysts at Evercore ISI

Ventas (NYSE:VTR) had its target price increased by Evercore ISI from $64.00 to $70.00 in a research note published on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on VTR. Wolfe Research upgraded Ventas to a strong-buy rating in a research report on Friday, August 9th. Royal Bank of Canada upped their target price on Ventas from $52.00 to $63.00 and gave the company an outperform rating in a report on Friday, August 9th. Wedbush upped their price target on shares of Ventas from $64.00 to $71.00 and gave the stock an outperform rating in a research note on Tuesday, September 10th. StockNews.com raised shares of Ventas from a sell rating to a hold rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company raised their target price on Ventas from $46.00 to $49.00 and gave the company an equal weight rating in a report on Thursday, May 30th. Three investment 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. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $57.45.

Ventas Stock Down 0.6 %

Shares of Ventas stock opened at $64.68 on Monday. The stock has a market capitalization of $26.18 billion, a price-to-earnings ratio of -340.42, a PEG ratio of 2.88 and a beta of 1.36. The business’s 50 day simple moving average is $58.04 and its 200-day simple moving average is $50.51. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. Ventas has a twelve month low of $39.33 and a twelve month high of $65.64.

Ventas (NYSE:VTR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Ventas will post 3.18 earnings per share for the current year.

Insiders Place Their Bets

In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the sale, the chief executive officer now owns 104,295 shares of the company’s stock, valued at approximately $5,761,255.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,065 shares of company stock worth $4,526,464. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ventas

Hedge funds have recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its holdings in Ventas by 3.3% during the second quarter. Profund Advisors LLC now owns 6,270 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 199 shares during the last quarter. Bessemer Group Inc. grew its stake in Ventas by 4.6% in the first quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 234 shares in the last quarter. QRG Capital Management Inc. grew its stake in Ventas by 1.1% in the first quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 258 shares in the last quarter. Dakota Wealth Management grew its stake in Ventas by 1.0% in the second quarter. Dakota Wealth Management now owns 33,717 shares of the real estate investment trust’s stock valued at $1,728,000 after purchasing an additional 322 shares in the last quarter. Finally, Czech National Bank boosted its stake in shares of Ventas by 0.5% during the 1st quarter. Czech National Bank now owns 70,799 shares of the real estate investment trust’s stock worth $3,083,000 after acquiring an additional 325 shares during the period. 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.