Ventas Inc. (VTR) Trading Down 1.5%
Ventas Inc. (NYSE:VTR)’s share price dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $71.71 and last traded at $72.08, with a volume of 1,360,178 shares traded. The stock had previously closed at $73.20.
VTR has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. cut shares of Ventas from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research report on Thursday, March 24th. Barclays PLC reissued a “hold” rating and set a $64.00 price objective on shares of Ventas in a research report on Thursday, July 7th. Mizuho reissued a “buy” rating and set a $71.00 price objective (up previously from $66.00) on shares of Ventas in a research report on Tuesday, April 5th. BMO Capital Markets reissued a “market perform” rating and set a $69.00 price objective on shares of Ventas in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG increased their price objective on shares of Ventas from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, May 12th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.
The company has a market capitalization of $24.30 billion and a P/E ratio of 54.40. The stock has a 50 day moving average of $69.45 and a 200 day moving average of $61.64.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.01. During the same period in the prior year, the business earned $0.97 earnings per share. The business had revenue of $852.30 million for the quarter, compared to analyst estimates of $833.89 million. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that Ventas Inc. will post $4.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 6th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 4.06%.
A number of large investors have added to or reduced their stakes in VTR. Acadia Trust NA acquired a new stake in Ventas during the fourth quarter worth $8,146,000. GAM Holding AG boosted its stake in Ventas by 23.9% in the fourth quarter. GAM Holding AG now owns 48,725 shares of the real estate investment trust’s stock worth $2,750,000 after buying an additional 9,388 shares in the last quarter. Bruni J V & Co. Co. boosted its stake in Ventas by 1.0% in the fourth quarter. Bruni J V & Co. Co. now owns 539,718 shares of the real estate investment trust’s stock worth $30,456,000 after buying an additional 5,336 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ventas by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 44,133,910 shares of the real estate investment trust’s stock worth $2,490,476,000 after buying an additional 1,162,067 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. boosted its stake in Ventas by 27.3% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 44,550 shares of the real estate investment trust’s stock worth $2,514,000 after buying an additional 9,550 shares in the last quarter.
Ventas, Inc is a real estate investment trust (REIT). The Company has a portfolio of seniors housing and healthcare 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 MOB operations.
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