Ventas (NYSE:VTR) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports.
A number of other research analysts have also recently commented on VTR. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ventas from $50.00 to $61.00 and gave the stock a “hold” rating in a research report on Thursday, June 3rd. Raymond James boosted their target price on shares of Ventas from $61.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, June 15th. Robert W. Baird raised shares of Ventas from a “neutral” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Thursday, May 13th. Wells Fargo & Company upped their price objective on shares of Ventas from $40.00 to $50.00 in a report on Thursday, March 11th. Finally, Zacks Investment Research raised shares of Ventas from a “strong sell” rating to a “hold” rating and set a $58.00 price objective for the company in a report on Thursday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and a consensus target price of $54.16.
VTR opened at $57.10 on Thursday. The business has a 50 day moving average of $56.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.69 and a quick ratio of 0.69. Ventas has a 1 year low of $33.82 and a 1 year high of $59.75. The firm has a market capitalization of $21.42 billion, a PE ratio of -228.40, a PEG ratio of 5.74 and a beta of 1.26.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, May 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.85). The business had revenue of $910.29 million for the quarter, compared to analyst estimates of $896.37 million. Ventas had a negative net margin of 2.47% and a negative return on equity of 0.89%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. On average, research analysts expect that Ventas will post 2.9 earnings per share for the current year.
In other news, CEO Debra A. Cafaro sold 18,076 shares of the firm’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $55.65, for a total value of $1,005,929.40. Following the completion of the sale, the chief executive officer now directly owns 759,352 shares in the company, valued at $42,257,938.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Ventas during the 4th quarter valued at about $200,655,000. Canada Pension Plan Investment Board raised its position in Ventas by 427.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,280,627 shares of the real estate investment trust’s stock valued at $68,309,000 after buying an additional 1,038,037 shares during the last quarter. Camber Capital Management LP acquired a new stake in Ventas in the 1st quarter valued at approximately $48,006,000. Aew Capital Management L P increased its position in shares of Ventas by 44.6% during the 1st quarter. Aew Capital Management L P now owns 2,182,700 shares of the real estate investment trust’s stock worth $116,425,000 after purchasing an additional 672,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Ventas by 3,980.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 578,300 shares of the real estate investment trust’s stock worth $28,360,000 after purchasing an additional 564,128 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world’s foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.
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