Ventas PT Lowered to $65.00 (VTR)
Equities research analysts at Jefferies Group cut their price objective on shares of Ventas (NYSE:VTR) from $71.00 to $65.00 in a research note issued to investors on Wednesday, AR Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential downside of 0.82% from the stock’s previous close.
Shares of Ventas (NYSE:VTR) traded up 4.21% on Wednesday, hitting $65.54. 2,925,055 shares of the company’s stock traded hands. Ventas has a 1-year low of $58.53 and a 1-year high of $84.11. The stock has a 50-day moving average of $62.62 and a 200-day moving average of $70.66. The company has a market cap of $19.218 billion and a price-to-earnings ratio of 43.49.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $685.85 million for the quarter, compared to the consensus estimate of $677.71 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Ventas will post $4.07 EPS for the current fiscal year.
A number of other firms have also recently commented on VTR. Analysts at Cowen and Company downgraded shares of Ventas (NYSE:VTR) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 12th. They now have a $64.00 price target on the stock, down previously from $72.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ventas (NYSE:VTR) in a research note to investors on Friday, August 23rd. They now have a $64.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Ventas (NYSE:VTR) from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, August 12th.
Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and an average price target of $71.90.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, September 11th.
Ventas, Inc is a real estate investment trust (NYSE:VTR) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada.
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