Brokerages Set Ventas, Inc. (NYSE:VTR) PT at $72.90

Key Points

• Ventas, Inc. has a consensus recommendation of “Moderate Buy” from eleven brokerages, with an average 1-year price target of $73.40.
• Recent insider transactions included significant share sales by key executives, with EVP Carey S. Roberts selling 23,500 shares and CFO Robert F. Probst selling 168,318 shares, indicating a substantial decrease in their positions.
• Ventas reported a strong quarterly performance with an EPS of $0.87, surpassing analyst estimates, and a revenue increase of 18.3% year-over-year.

Ventas, Inc. (NYSE:VTR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $73.40.

Several brokerages recently issued reports on VTR. Wall Street Zen lowered shares of Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Ventas from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised shares of Ventas from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $70.00 to $72.00 in a report on Monday, June 23rd. Morgan Stanley lifted their target price on shares of Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Scotiabank lifted their target price on shares of Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd.

Insider Transactions at Ventas

In other news, EVP Carey S. Roberts sold 23,500 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $64.23, for a total value of $1,509,405.00. Following the transaction, the executive vice president owned 116,650 shares in the company, valued at approximately $7,492,429.50. The trade was a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the completion of the transaction, the chief financial officer owned 168,364 shares in the company, valued at $11,004,271.04. This trade represents a 49.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 376,932 shares of company stock worth $24,716,734. Company insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VTR. Cloud Capital Management LLC acquired a new position in shares of Ventas during the 1st quarter valued at $25,000. Larson Financial Group LLC lifted its position in shares of Ventas by 1,334.6% during the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 347 shares during the period. Franchise Capital Ltd acquired a new position in shares of Ventas during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Ventas during the 2nd quarter valued at $33,000. Finally, Rossby Financial LCC acquired a new position in shares of Ventas during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Ventas Price Performance

VTR stock traded up $0.23 during mid-day trading on Friday, hitting $67.76. The stock had a trading volume of 3,265,003 shares, compared to its average volume of 2,625,225. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas has a 52 week low of $56.68 and a 52 week high of $71.36. The firm has a market capitalization of $30.79 billion, a P/E ratio of 157.58, a P/E/G ratio of 2.44 and a beta of 0.87. The firm has a fifty day simple moving average of $65.15 and a 200 day simple moving average of $65.67.

Ventas (NYSE:VTR - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. As a group, research analysts forecast that Ventas will post 3.4 EPS for the current year.

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.