Ventas (NYSE:VTR) Price Target Increased to $65.00 by Analysts at Scotiabank

Ventas (NYSE:VTR - Get Free Report) had its price objective lifted by Scotiabank from $59.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price indicates a potential upside of 3.26% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Wolfe Research upgraded shares of Ventas to a "strong-buy" rating in a research note on Friday, August 9th. Wedbush boosted their target price on Ventas from $64.00 to $71.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Evercore ISI increased their price target on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company raised Ventas from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada upped their price objective on shares of Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ventas has an average rating of "Moderate Buy" and an average price target of $61.78.

Ventas Stock Performance

Ventas stock traded up $1.38 during mid-day trading on Friday, reaching $62.95. 1,457,754 shares of the company's stock were exchanged, compared to its average volume of 2,401,483. The business's fifty day simple moving average is $61.59 and its 200 day simple moving average is $52.89. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. Ventas has a one year low of $40.98 and a one year high of $65.64. The firm has a market capitalization of $25.48 billion, a PE ratio of -331.32, a P/E/G ratio of 2.77 and a beta of 1.36.

Ventas (NYSE:VTR - Get Free Report) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. On average, sell-side analysts expect that Ventas will post 3.18 earnings per share for the current year.

Insiders Place Their Bets

In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the completion of the sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the transaction, the chief executive officer now owns 104,295 shares in the company, valued at $5,761,255.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the transaction, the chief executive officer now owns 986,717 shares of the company's stock, valued at approximately $56,529,016.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock valued at $4,526,464 over the last 90 days. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Ventas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Ventas by 405.5% during the fourth quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust's stock valued at $8,532,000 after acquiring an additional 137,327 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Ventas during the 1st quarter valued at about $1,005,000. Nomura Holdings Inc. purchased a new position in Ventas in the fourth quarter worth about $3,560,000. Centersquare Investment Management LLC raised its holdings in Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust's stock worth $345,667,000 after buying an additional 802,546 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Ventas in the first quarter worth approximately $819,000. Hedge funds and other 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.