UBS AG Trims Ventas, Inc. (VTR) Target Price to $66.00
Ventas, Inc. (NYSE:VTR) had its target price cut by equities researchers at UBS AG from $69.00 to $66.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS AG’s price target would suggest a potential upside of 1.34% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. BidaskClub cut Ventas from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Capital One Financial Corporation initiated coverage on Ventas in a research report on Monday, September 25th. They issued an “equal weight” rating and a $69.00 price objective on the stock. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Bank of America Corporation lowered Ventas from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $72.00 to $71.00 in a research note on Friday, September 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.82.
Ventas (NYSE:VTR) opened at 65.13 on Monday. The firm has a market cap of $23.20 billion, a PE ratio of 32.99 and a beta of 0.09. The stock’s 50 day moving average is $67.37 and its 200 day moving average is $66.32. Ventas has a 12 month low of $56.20 and a 12 month high of $72.98.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same period in the previous year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that Ventas will post $1.82 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of VTR. Intl Fcstone Inc. purchased a new position in shares of Ventas during the 2nd quarter worth about $691,000. Paradigm Financial Advisors LLC boosted its position in shares of Ventas by 9.2% in the second quarter. Paradigm Financial Advisors LLC now owns 54,206 shares of the real estate investment trust’s stock worth $3,766,000 after acquiring an additional 4,551 shares during the last quarter. WFG Advisors LP boosted its position in shares of Ventas by 18.5% in the second quarter. WFG Advisors LP now owns 76,380 shares of the real estate investment trust’s stock worth $5,307,000 after acquiring an additional 11,930 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Ventas by 25.6% in the second quarter. Toronto Dominion Bank now owns 120,293 shares of the real estate investment trust’s stock worth $8,357,000 after acquiring an additional 24,490 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Ventas in the second quarter worth approximately $593,000. 89.18% of the stock is owned by institutional investors.
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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