Ventas, Inc. (VTR) Rating Reiterated by Jefferies Group LLC
Ventas, Inc. (NYSE:VTR)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They presently have a $66.00 price objective on the real estate investment trust’s stock. Jefferies Group LLC’s price objective suggests a potential downside of 2.24% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of 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 shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective for the company. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.57.
Ventas (NYSE:VTR) traded up 0.44% during midday trading on Tuesday, reaching $67.81. 328,249 shares of the company traded hands. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 34.35 and a beta of 0.07. Ventas has a 12 month low of $56.20 and a 12 month high of $74.48. The firm has a 50 day moving average of $67.04 and a 200-day moving average of $65.64.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same period in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts forecast that Ventas will post $1.82 EPS for the current fiscal year.
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In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the sale, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC increased its position in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Ventas by 48.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 650 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 65 shares during the period. Trust Co. of Virginia VA bought a new position in Ventas during the first quarter worth approximately $202,000. Finally, Northern Capital Management LLC bought a new position in Ventas during the second quarter worth approximately $202,000. 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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