Ventas Given Average Recommendation of “Hold” by Brokerages (NYSE:VTR)
Ventas (NYSE:VTR) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.40.
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 $67.00 to $71.00 in a research note on Tuesday. Finally, 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.
Ventas (NYSE:VTR) traded up 0.28% during mid-day trading on Tuesday, hitting $64.60. The stock had a trading volume of 297,544 shares. Ventas has a one year low of $54.89 and a one year high of $71.81. The stock’s 50-day moving average is $64.1 and its 200-day moving average is $63.1. The company has a market cap of $19.014 billion and a price-to-earnings ratio of 40.98.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.03 earnings per share. Ventas’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Ventas will post $4.40 EPS 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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