Ventas’ (VTR) Hold Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Ventas, Inc. (NYSE:VTR) in a research note released on Tuesday morning. The brokerage currently has a $66.00 price target on the real estate investment trust’s stock.
VTR has been the subject of a number of other reports. BidaskClub upgraded Ventas from a buy rating to a strong-buy rating in a report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on Ventas in a report on Wednesday, June 21st. They issued a hold rating and a $67.00 price objective for the company. Finally, Mizuho restated a neutral rating on shares of Ventas in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $64.57.
Ventas (NYSE VTR) opened at 67.79 on Tuesday. Ventas has a 1-year low of $56.20 and a 1-year high of $74.48. The stock has a 50 day moving average price of $67.04 and a 200 day moving average price of $65.64. The company has a market cap of $24.14 billion, a PE ratio of 34.34 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. The business had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. Ventas’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Equities analysts forecast that Ventas will post $1.82 earnings per share for the current year.
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In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of VTR. BlackRock Inc. increased its stake in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ventas by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 95,292 shares of the real estate investment trust’s stock worth $6,198,000 after buying an additional 7,521 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Ventas by 921.5% in the first quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after buying an additional 73,159 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Ventas by 103.9% in the first quarter. Canada Pension Plan Investment Board now owns 679,438 shares of the real estate investment trust’s stock worth $44,191,000 after buying an additional 346,250 shares during the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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