Ventas, Inc. (NYSE:VTR)‘s stock had its “sell” rating restated by KeyCorp in a research report issued on Sunday. They currently have a $55.00 price target on the real estate investment trust’s stock. KeyCorp’s price objective indicates a potential downside of 20.70% from the company’s previous close.
Several other research analysts have also issued reports on the company. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Mizuho reiterated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Six analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Ventas presently has an average rating of “Hold” and an average price target of $63.38.
Shares of Ventas (NYSE VTR) traded up 0.61% on Friday, hitting $69.36. The stock had a trading volume of 2,696,502 shares. The company has a market cap of $24.70 billion, a P/E ratio of 35.14 and a beta of 0.08. Ventas has a 52-week low of $56.20 and a 52-week high of $73.23. The company has a 50-day moving average of $67.30 and a 200-day moving average of $66.24.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Ventas will post $1.82 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ventas by 102.9% in the second quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after buying an additional 2,049,815 shares in the last quarter. Bank of America Corp DE raised its stake in Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares in the last quarter. Bank of Nova Scotia raised its stake in Ventas by 921.5% in the first quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after buying an additional 73,159 shares in the last quarter. Finally, TNB Financial raised its stake in Ventas by 3.2% in the second quarter. TNB Financial now owns 35,175 shares of the real estate investment trust’s stock worth $2,444,000 after buying an additional 1,081 shares in the last quarter. 89.36% of the stock is owned by institutional investors.
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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