Ventas (NYSE:VTR) PT Raised to $59.00 at Scotiabank

Ventas (NYSE:VTR) had its price objective hoisted by stock analysts at Scotiabank from $55.00 to $59.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 1.86% from the stock’s previous close.

VTR has been the subject of several other research reports. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Wedbush boosted their price objective on shares of Ventas from $54.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company increased their target price on shares of Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, Evercore ISI lifted their price objective on Ventas from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.54.

Ventas Stock Up 1.3 %

Ventas stock traded up $0.75 during mid-day trading on Wednesday, hitting $57.92. 2,205,137 shares of the company’s stock were exchanged, compared to its average volume of 2,290,107. Ventas has a 1-year low of $39.33 and a 1-year high of $58.96. The stock has a 50 day moving average of $51.81 and a two-hundred day moving average of $47.28. The stock has a market cap of $23.44 billion, a P/E ratio of -304.84, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43.

Ventas (NYSE:VTR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Ventas will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Ventas news, CAO Gregory R. Liebbe sold 14,625 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $47.70, for a total transaction of $697,612.50. Following the transaction, the chief accounting officer now owns 12,524 shares of the company’s stock, valued at approximately $597,394.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Gregory R. Liebbe sold 14,625 shares of Ventas stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the completion of the sale, the chief accounting officer now owns 12,524 shares in the company, valued at approximately $597,394.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $48.40, for a total transaction of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares in the company, valued at $1,259,900.40. The disclosure for this sale can be found here. Insiders have sold a total of 60,633 shares of company stock worth $3,306,585 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Ventas

A number of institutional investors have recently made changes to their positions in VTR. Manchester Capital Management LLC grew its position in shares of Ventas by 77.9% during the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 225 shares during the period. Bessemer Group Inc. grew its holdings in Ventas by 4.6% during the first quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 234 shares during the period. Lindbrook Capital LLC increased its stake in Ventas by 6.6% in the fourth quarter. Lindbrook Capital LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 239 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in Ventas by 2.7% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 9,493 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 250 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Ventas by 1.1% in the 1st quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust’s stock valued at $1,062,000 after buying an additional 258 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.

About Ventas

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.