Ventas Inc. (VTR) Reaches New 12-Month High at $74.81
Ventas Inc. (NYSE:VTR) shares hit 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 trading hands. The stock had previously closed at $73.54.
VTR has been the topic of a number of recent research reports. Mizuho reiterated a “buy” rating and set a $71.00 price target (up from $66.00) on shares of Ventas in a research report on Tuesday, April 5th. Zacks Investment Research raised Ventas from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, July 12th. Barclays PLC increased their price objective on Ventas from $59.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, May 2nd. Deutsche Bank AG increased their price objective on Ventas from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, May 12th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Ventas in a research note on Saturday, April 30th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ventas presently has an average rating of “Hold” and an average target price of $64.08.
The stock has a market capitalization of $25.20 billion and a price-to-earnings ratio of 56.41. The company’s 50-day moving average is $71.39 and its 200 day moving average is $62.87.
Ventas (NYSE:VTR) last released its earnings results on Friday, April 29th. The real estate investment trust reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.01. The company had revenue of $852.30 million for the quarter, compared to the consensus estimate of $833.89 million. During the same period in the prior year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Ventas Inc. will post $4.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 6th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, June 2nd.
A number of institutional investors have made changes to their positions in VTR. Morningstar Investment Services LLC increased its position in shares of 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 period. Schroder Investment Management Group increased 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 increased 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 increased 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 increased 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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