Ventas (NYSE:VTR) Price Target Raised to $47.00 at Raymond James

Ventas (NYSE:VTR) had its price target hoisted by Raymond James from $45.00 to $47.00 in a research note issued to investors on Monday, Benzinga reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on VTR. Wells Fargo & Company increased their price target on shares of Ventas from $29.00 to $35.00 and gave the company an underweight rating in a research report on Friday, June 19th. Citigroup increased their price target on shares of Ventas from $25.00 to $35.00 and gave the company a neutral rating in a research report on Thursday, July 2nd. ValuEngine raised shares of Ventas from a sell rating to a hold rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Ventas from $35.00 to $39.00 and gave the stock a neutral rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $43.00 target price on shares of Ventas in a research report on Tuesday, September 1st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Ventas has an average rating of Hold and an average price target of $41.47.

VTR stock opened at $45.33 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. Ventas has a 52 week low of $13.35 and a 52 week high of $74.71. The firm’s fifty day moving average is $41.66 and its 200 day moving average is $36.19. The firm has a market cap of $16.91 billion, a P/E ratio of 41.21, a P/E/G ratio of 4.58 and a beta of 1.07.

Ventas (NYSE:VTR) last released its earnings results on Friday, August 7th. The real estate investment trust reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.67). The business had revenue of $943.20 million for the quarter, compared to the consensus estimate of $949.32 million. Ventas had a net margin of 10.49% and a return on equity of 3.88%. Ventas’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. As a group, analysts forecast that Ventas will post 3.19 EPS for the current year.

In related news, CFO Robert F. Probst sold 16,000 shares of Ventas stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.20, for a total transaction of $675,200.00. Company insiders own 1.16% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Ventas by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 54,153,035 shares of the real estate investment trust’s stock valued at $1,983,084,000 after purchasing an additional 5,038,308 shares in the last quarter. State Street Corp increased its stake in Ventas by 0.5% during the 1st quarter. State Street Corp now owns 25,059,448 shares of the real estate investment trust’s stock valued at $690,868,000 after purchasing an additional 116,884 shares in the last quarter. APG Asset Management US Inc. increased its stake in Ventas by 2.5% during the 1st quarter. APG Asset Management US Inc. now owns 18,660,063 shares of the real estate investment trust’s stock valued at $500,090,000 after purchasing an additional 461,500 shares in the last quarter. Cohen & Steers Inc. increased its stake in Ventas by 152,791.4% during the 1st quarter. Cohen & Steers Inc. now owns 12,697,634 shares of the real estate investment trust’s stock valued at $340,297,000 after purchasing an additional 12,689,329 shares in the last quarter. Finally, FMR LLC increased its stake in Ventas by 6.1% during the 2nd quarter. FMR LLC now owns 11,076,762 shares of the real estate investment trust’s stock valued at $405,631,000 after purchasing an additional 635,108 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Ventas Company Profile

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.

Recommended Story: Learning About the VIX – Volatility Index

Analyst Recommendations for Ventas (NYSE:VTR)

Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.