Short Interest in Ventas Rises By 62.0% (VTR)
Shares of Ventas (NYSE:VTR) saw a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 9,018,543 shares, a growth of 62.0% from the May 30th total of 5,565,737 shares, AnalystRatings.NET reports. Based on an average trading volume of 2,996,489 shares, the short-interest ratio is presently 3.0 days. Approximately 3.1% of the shares of the stock are short sold.
VTR has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Ventas from $65.00 to $67.00 in a research note on Monday, June 2nd. Analysts at Barclays raised their price target on shares of Ventas from $62.00 to $65.00 in a research note on Monday, April 28th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.60.
Shares of Ventas (NYSE:VTR) opened at 63.91 on Monday. Ventas has a 52-week low of $54.89 and a 52-week high of $72.32. The stock’s 50-day moving average is $65.00 and its 200-day moving average is $62.56. The company has a market cap of $18.811 billion and a price-to-earnings ratio of 40.76.
Ventas (NYSE:VTR) last announced its earnings results on Friday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $741.50 million for the quarter, compared to the consensus estimate of $725.56 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Ventas will post $4.39 earnings per share for the current fiscal year.
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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