Ventas (NYSE:VTR) Sets New 12-Month High at $61.97

Ventas, Inc. (NYSE:VTR) hit a new 52-week high during trading on Friday . The stock traded as high as $61.97 and last traded at $61.76, with a volume of 41410 shares. The stock had previously closed at $61.12.

Wall Street Analyst Weigh In

Several brokerages have commented on VTR. Wells Fargo & Company boosted their target price on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Wolfe Research raised Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Scotiabank upped their price objective on Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price objective on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Evercore ISI upped their price objective on Ventas from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.92.

Ventas Price Performance

The stock has a market capitalization of $25.55 billion, a P/E ratio of -321.67, a PEG ratio of 2.66 and a beta of 1.33. The business has a fifty day simple moving average of $54.81 and a 200-day simple moving average of $48.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. Ventas’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Sell-side analysts expect that Ventas, Inc. will post 3.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now directly owns 104,295 shares in the company, valued at approximately $5,761,255.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the transaction, the chief financial officer now owns 156,403 shares in the company, valued at approximately $9,207,444.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter J. Bulgarelli sold 3,784 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the transaction, the chief executive officer now owns 104,295 shares of the company’s stock, valued at approximately $5,761,255.80. The disclosure for this sale can be found here. Insiders have sold a total of 64,238 shares of company stock worth $3,705,058 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Community Trust NA bought a new stake in shares of Ventas during the 2nd quarter valued at about $25,000. Manchester Capital Management LLC boosted 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 valued at $26,000 after acquiring an additional 225 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Ventas during the 2nd quarter valued at about $27,000. First Financial Corp IN bought a new stake in shares of Ventas during the 1st quarter valued at about $30,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Ventas during the 4th quarter valued at about $37,000. Institutional investors own 94.18% of the company’s stock.

Ventas Company Profile

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.