Ventas Inc. (VTR) Shares Down 2.3%
Ventas Inc. (NYSE:VTR) shares fell 2.3% during mid-day trading on Friday . The company traded as low as $71.45 and last traded at $71.81, with a volume of 1,152,838 shares traded. The stock had previously closed at $73.53.
A number of brokerages have recently issued reports on VTR. Mizuho restated a “buy” rating and issued a $84.00 price target (up previously from $82.00) on shares of Ventas in a research report on Monday, August 1st. Hilliard Lyons downgraded shares of Ventas from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Ventas from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Raymond James Financial Inc. assumed coverage on shares of Ventas in a research report on Tuesday, July 26th. They set a “market perform” rating on the stock. Finally, BTIG Research assumed coverage on shares of Ventas in a research report on Thursday. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.67.
The stock has a 50 day moving average of $73.50 and a 200-day moving average of $65.72. The stock has a market capitalization of $25.35 billion and a PE ratio of 55.54.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, hitting analysts’ consensus estimates of $1.04. The business earned $848.50 million during the quarter, compared to analysts’ expectations of $845.40 million. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Equities research analysts expect that Ventas Inc. will post $4.12 earnings per share for the current year.
In related news, SVP Gregory R. Liebbe sold 6,943 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.20, for a total value of $508,227.60. Following the completion of the sale, the senior vice president now owns 7,585 shares of the company’s stock, valued at $555,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Cobb sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $75.05, for a total value of $4,503,000.00. Following the completion of the sale, the executive vice president now directly owns 66,256 shares of the company’s stock, valued at approximately $4,972,512.80. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake 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 worth $239,120,000 after buying an additional 58,605 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Ventas by 1.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,963,261 shares of the real estate investment trust’s stock valued at $110,787,000 after buying an additional 27,382 shares in the last quarter. Finally, Schroder Investment Management Group raised 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 in the last quarter.
Ventas, Inc is a healthcare real estate investment trust (REIT) with its 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. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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