Ventas, Inc. (NYSE:VTR) Stock Has Average Target Price of $98.78

Shares of Ventas, Inc. (NYSE:VTR) have been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $98.78.

A number of brokerages have recently issued reports on VTR. Wells Fargo & Company increased their target price on Ventas from $96.00 to $104.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Mizuho lifted their target price on shares of Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Citigroup boosted their price objective on Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. BMO Capital Markets increased their target price on Ventas from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Barclays reduced their price objective on shares of Ventas from $102.00 to $91.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Ventas Stock Up 1.0%

Ventas stock opened at $85.75 on Wednesday. Ventas has a fifty-two week low of $68.15 and a fifty-two week high of $101.60. The business’s 50-day simple moving average is $88.28 and its two-hundred day simple moving average is $87.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $43.99 billion, a PE ratio of 23.06, a PEG ratio of 3.31 and a beta of 0.72.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. Ventas’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. Equities analysts anticipate that Ventas will post 3.89 EPS for the current year.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. Ventas’s payout ratio is presently 385.19%.

Institutional Investors Weigh In On Ventas

Institutional investors have recently modified their holdings of the company. Angeles Wealth Management LLC increased its stake in shares of Ventas by 3.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,439 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Ventas by 18.7% during the third quarter. Versant Capital Management Inc now owns 933 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 147 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Ventas by 1.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock valued at $1,054,000 after buying an additional 148 shares during the last quarter. Eastern Bank grew its stake in Ventas by 5.0% in the third quarter. Eastern Bank now owns 3,230 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 155 shares in the last quarter. Finally, Modern Wealth Management LLC raised its holdings in shares of Ventas by 6.2% during the first quarter. Modern Wealth Management LLC now owns 3,204 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Company Profile

Ventas, Inc is a real estate investment trust (REIT) focused on owning and managing healthcare and senior housing properties. Its portfolio includes senior living communities, outpatient medical buildings, hospitals, research and innovation facilities, and other properties serving the healthcare industry.

The company generates revenue primarily by leasing its properties to healthcare providers, senior housing operators, academic institutions, and other tenants. Ventas may also participate in property operations through management and operating arrangements, particularly in senior living, while working with experienced third-party operators and healthcare partners.

Ventas serves markets across the United States, Canada, and the United Kingdom.