Ventas Inc. (VTR) Hits New 12-Month High at $74.81
Ventas Inc. (NYSE:VTR) reached a new 52-week high during trading on Thursday . The company traded as high as $74.81 and last traded at $74.69, with a volume of 811,092 shares traded. The stock had previously closed at $73.54.
A number of research firms have commented on VTR. Zacks Investment Research raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Barclays PLC lifted their target price on shares of Ventas from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of Ventas in a research report on Saturday, April 30th. Argus began coverage on shares of Ventas in a research report on Wednesday, July 13th. They issued a “hold” rating for the company. Finally, Hilliard Lyons downgraded shares of Ventas from a “buy” rating to a “neutral” rating in a research report on Friday, April 29th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and a consensus target price of $64.08.
The company’s 50-day moving average is $71.80 and its 200-day moving average is $63.09. The company has a market capitalization of $25.75 billion and a price-to-earnings ratio of 57.65.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. The company had revenue of $848.50 million for the quarter, compared to analyst estimates of $845.40 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Ventas Inc. will post $4.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 6th were paid a dividend of $0.73 per share. The ex-dividend date was Thursday, June 2nd. This represents a $2.92 annualized dividend and a dividend yield of 3.83%.
Other large investors recently bought and sold shares of the company. Morningstar Investment Services LLC increased its stake in Ventas by 56.5% in the fourth quarter. Morningstar Investment Services LLC now owns 950,726 shares of the real estate investment trust’s stock valued at $53,649,000 after buying an additional 343,173 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Ventas by 410.7% in the fourth quarter. Schroder Investment Management Group now owns 329,152 shares of the real estate investment trust’s stock valued at $18,574,000 after buying an additional 264,701 shares during the period. BlackRock Advisors LLC boosted its position in shares of Ventas by 38.5% in the fourth quarter. BlackRock Advisors LLC now owns 642,276 shares of the real estate investment trust’s stock valued at $36,244,000 after buying an additional 178,431 shares during the period. Andra AP fonden boosted its position in shares of Ventas by 82.9% in the fourth quarter. Andra AP fonden now owns 158,400 shares of the real estate investment trust’s stock valued at $8,939,000 after buying an additional 71,800 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ventas by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,237,451 shares of the real estate investment trust’s stock valued at $239,120,000 after buying an additional 58,605 shares during the period.
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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