Ventas Rating Reiterated by Deutsche Bank (VTR)
Ventas (NYSE:VTR)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Monday. They currently have a $61.00 price objective on the stock, up from their previous price objective of $60.00. Deutsche Bank’s price target suggests a potential downside of 6.05% from the stock’s previous close.
Ventas (NYSE:VTR) traded up 0.65% during mid-day trading on Monday, hitting $65.35. 467,890 shares of the company’s stock traded hands. Ventas has a 1-year low of $54.89 and a 1-year high of $69.09. The stock’s 50-day moving average is $64.11 and its 200-day moving average is $63.66. The company has a market cap of $19.235 billion and a P/E ratio of 39.33.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $751.25 million for the quarter, compared to the consensus estimate of $741.08 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Ventas will post $4.39 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VTR. Analysts at Mizuho initiated coverage on shares of Ventas in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ventas from $67.00 to $71.00 in a research note on Tuesday, July 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.25.
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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