Ventas, Inc. (NYSE:VTR) Given Consensus Rating of “Hold” by Brokerages
Shares of Ventas, Inc. (NYSE:VTR) have been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $65.12.
VTR has been the subject of several recent analyst reports. Deutsche Bank upped their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Bank of America set a $300.00 target price on shares of IDEXX Laboratories and gave the company a “buy” rating in a research note on Friday, June 21st. Stifel Nicolaus set a $14.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada decreased their target price on shares of from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating for the company in a research note on Thursday, June 20th.
Shares of NYSE:VTR traded down $1.98 during trading on Friday, hitting $66.92. 1,958,151 shares of the company were exchanged, compared to its average volume of 2,277,799. The stock has a 50 day simple moving average of $67.76. The firm has a market cap of $24.69 billion, a P/E ratio of 16.44, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. Ventas has a 1-year low of $51.80 and a 1-year high of $73.74.
The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were issued a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, June 28th. Ventas’s payout ratio is 77.89%.
In other news, Chairman Debra A. Cafaro sold 68,080 shares of Ventas stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total transaction of $4,700,243.20. Following the transaction, the chairman now owns 741,358 shares in the company, valued at approximately $51,183,356.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP T Richard Riney sold 29,702 shares of Ventas stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the transaction, the executive vice president now owns 163,488 shares in the company, valued at approximately $11,517,729.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,866 shares of company stock worth $11,323,058. Corporate insiders own 1.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in shares of Ventas by 88.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in Ventas in the 1st quarter valued at about $26,000. Gradient Investments LLC boosted its position in Ventas by 1,007.7% in the 2nd quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 393 shares during the period. Heritage Wealth Advisors boosted its position in Ventas by 59.3% in the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 178 shares during the period. Finally, Investors Research Corp purchased a new stake in Ventas in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 87.10% of the company’s stock.
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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