Ventas (NYSE:VTR) had its target price upped by analysts at Morgan Stanley from $36.00 to $39.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Morgan Stanley's price target suggests a potential downside of 13.96% from the company's current price.
VTR has been the subject of several other research reports. Zacks Investment Research raised shares of Ventas from a "sell" rating to a "hold" rating and set a $40.00 price target for the company in a research report on Saturday, May 30th. Argus cut Ventas from a "buy" rating to a "hold" rating in a research note on Tuesday, September 8th. ValuEngine upgraded Ventas from a "sell" rating to a "hold" rating in a research note on Thursday, July 2nd. Stifel Nicolaus restated a "hold" rating and issued a $43.00 price objective on shares of Ventas in a research note on Tuesday, September 1st. Finally, Raymond James boosted their price objective on Ventas from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus price target of $41.65.
Shares of VTR stock opened at $45.33 on Thursday. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 4.58 and a beta of 1.07. Ventas has a 52 week low of $13.35 and a 52 week high of $74.71. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $41.66 and a 200-day moving average of $36.19.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.67). The company had revenue of $943.20 million for the quarter, compared to analyst estimates of $949.32 million. Ventas had a return on equity of 3.88% and a net margin of 10.49%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. Analysts anticipate that Ventas will post 3.19 earnings per share for the current year.
In related news, CFO Robert F. Probst sold 16,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $42.20, for a total value of $675,200.00. Insiders own 1.16% of the company's stock.
A number of large investors have recently added to or reduced their stakes in VTR. Cohen & Steers Inc. lifted its position in Ventas by 152,791.4% in the 1st quarter. Cohen & Steers Inc. now owns 12,697,634 shares of the real estate investment trust's stock worth $340,297,000 after buying an additional 12,689,329 shares during the last quarter. Vanguard Group Inc. lifted its position in Ventas by 10.3% in the second quarter. Vanguard Group Inc. now owns 54,153,035 shares of the real estate investment trust's stock valued at $1,983,084,000 after purchasing an additional 5,038,308 shares during the last quarter. Eminence Capital LP bought a new stake in Ventas in the first quarter valued at approximately $71,600,000. Camber Capital Management LP lifted its position in Ventas by 333.3% in the first quarter. Camber Capital Management LP now owns 3,250,000 shares of the real estate investment trust's stock valued at $87,100,000 after purchasing an additional 2,500,000 shares during the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in Ventas in the second quarter valued at approximately $82,733,000. Institutional investors own 90.54% of the company's stock.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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