Ventas (NYSE:VTR) Earns Hold Rating from Analysts at Berenberg Bank
Berenberg Bank initiated coverage on shares of Ventas (NYSE:VTR) in a research report sent to investors on Thursday morning, The Fly reports. The brokerage issued a hold rating and a $72.00 target price on the real estate investment trust’s stock.
A number of other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Ventas from a buy rating to a hold rating in a research report on Thursday, August 1st. Barclays initiated coverage on Ventas in a report on Tuesday, September 3rd. They issued an equal weight rating and a $74.00 price target for the company. Bank of America restated a neutral rating and issued a $72.50 price target (up previously from $67.00) on shares of Ventas in a report on Friday, June 21st. Citigroup upgraded Ventas from a neutral rating to a buy rating and upped their price target for the stock from $67.00 to $76.00 in a report on Wednesday, June 19th. Finally, Royal Bank of Canada upped their price target on Ventas to $71.00 and gave the stock an in-line rating in a report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $67.58.
VTR opened at $69.98 on Thursday. The firm has a 50 day moving average price of $71.49 and a 200 day moving average price of $66.25. The company has a market cap of $26.52 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 5.84 and a beta of 0.23. Ventas has a 1 year low of $51.80 and a 1 year high of $75.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.67 and a current ratio of 0.67.
In other Ventas news, EVP T Richard Riney sold 29,702 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $70.45, for a total value of $2,092,505.90. Following the sale, the executive vice president now directly owns 163,488 shares of the company’s stock, valued at $11,517,729.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Debra A. Cafaro sold 68,080 shares of the stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the sale, the chairman now directly owns 741,358 shares in the company, valued at $51,183,356.32. The disclosure for this sale can be found here. Insiders have sold 107,782 shares of company stock worth $7,518,149 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of VTR. Centersquare Investment Management LLC increased its position in Ventas by 397.7% in the first quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock worth $333,092,000 after buying an additional 15,497,390 shares during the period. Nuveen Asset Management LLC increased its position in Ventas by 63.4% in the second quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock worth $421,582,000 after buying an additional 2,393,109 shares during the period. Heitman Real Estate Securities LLC increased its position in Ventas by 897.7% in the second quarter. Heitman Real Estate Securities LLC now owns 1,444,117 shares of the real estate investment trust’s stock worth $98,705,000 after buying an additional 1,299,372 shares during the period. Resolution Capital Ltd acquired a new position in shares of Ventas during the second quarter valued at $76,570,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Ventas by 809.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock valued at $81,778,000 after purchasing an additional 1,064,842 shares during the period. 87.74% of the stock is currently owned by hedge funds and other institutional investors.
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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