Ventas (VTR) Stock Rating Upgraded by ValuEngine
Several other equities research analysts have also commented on the stock. Mitsubishi UFJ Financial Group lifted their price target on shares of Ventas from $60.00 to $61.00 and gave the stock a neutral rating in a research note on Tuesday, April 30th. Raymond James upgraded shares of Ventas from an underperform rating to a market perform rating in a research note on Tuesday, April 30th. Deutsche Bank lifted their price target on shares of Ventas from $54.00 to $57.00 and gave the stock a hold rating in a research note on Friday, March 29th. Morgan Stanley began coverage on shares of Ventas in a research note on Thursday, March 28th. They set an equal weight rating and a $61.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Ventas from $62.00 to $64.00 and gave the stock a market perform rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. Ventas has a consensus rating of Hold and a consensus price target of $59.46.
Shares of NYSE:VTR opened at $64.97 on Friday. Ventas has a 12 month low of $50.69 and a 12 month high of $65.70. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The firm has a market cap of $23.28 billion, a P/E ratio of 15.96, a P/E/G ratio of 8.30 and a beta of 0.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be paid a $0.7925 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a yield of 4.88%. Ventas’s dividend payout ratio is presently 77.89%.
In other Ventas news, Director James D. Shelton sold 5,940 shares of Ventas stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $64.79, for a total value of $384,852.60. Following the transaction, the director now directly owns 46,860 shares in the company, valued at $3,036,059.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Cobb sold 10,000 shares of Ventas stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,493 shares of company stock worth $1,502,970. 1.40% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its holdings in shares of Ventas by 88.9% in the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of Ventas in the first quarter valued at about $26,000. Heritage Wealth Advisors boosted its holdings in shares of Ventas by 59.3% in the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 178 shares in the last quarter. Investors Research Corp purchased a new stake in shares of Ventas in the first quarter valued at about $32,000. Finally, Marino Stram & Associates LLC purchased a new stake in shares of Ventas in the first quarter valued at about $33,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.
Ventas Company Profile
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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