Ventas, Inc. (NYSE:VTR) hit a new 52-week high on Friday . The company traded as high as $66.96 and last traded at $66.35, with a volume of 88354 shares traded. The stock had previously closed at $65.43.
A number of brokerages recently weighed in on VTR. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Mitsubishi UFJ Financial Group upped their price objective on Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Raymond James upgraded Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Deutsche Bank upped their price objective on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Finally, Morgan Stanley began coverage on Ventas in a research note on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and a consensus target price of $59.46.
The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The company has a market cap of $23.81 billion, a P/E ratio of 16.30, a PEG ratio of 7.17 and a beta of 0.23.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The company had revenue of $942.80 million during the quarter, compared to analysts’ expectations of $908.61 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, analysts expect that Ventas, Inc. will post 3.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be paid a $0.7925 dividend. This represents a $3.17 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, June 28th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
In other news, Director Robert D. Reed sold 3,440 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $63.89, for a total value of $219,781.60. Following the transaction, the director now directly owns 47,709 shares of the company’s stock, valued at $3,048,128.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $64.88, for a total value of $648,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,493 shares of company stock valued at $1,502,970. 1.40% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its holdings in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in Ventas during the first quarter worth about $26,000. Heritage Wealth Advisors grew its holdings in Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 178 shares during the period. Investors Research Corp acquired a new stake in Ventas during the first quarter worth about $32,000. Finally, Marino Stram & Associates LLC acquired a new stake in Ventas during the first quarter worth about $33,000. 87.16% of the stock is currently owned by institutional investors and hedge funds.
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Ventas Company Profile (NYSE:VTR)
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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