Ventas Inc. (VTR) Shares Gap Up to $68.63
Ventas Inc. (NYSE:VTR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $68.36, but opened at $68.63. Ventas shares last traded at $69.24, with a volume of 994,347 shares.
A number of research analysts have recently commented on the stock. Raymond James Financial Inc. assumed coverage on shares of Ventas in a report on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Ventas from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, July 12th. Citigroup Inc. increased their target price on shares of Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Barclays PLC reissued a “hold” rating and issued a $64.00 target price on shares of Ventas in a report on Thursday, July 7th. Finally, Hilliard Lyons cut shares of Ventas from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.
The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 53.30 and a beta of 0.37. The firm’s 50 day moving average price is $72.37 and its 200-day moving average price is $67.96.
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Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The firm had revenue of $848.50 million for the quarter, compared to the consensus estimate of $845.40 million. During the same quarter last year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Ventas Inc. will post $4.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, September 13th. Ventas’s dividend payout ratio (DPR) is currently 224.62%.
In other news, EVP John D. Cobb sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $75.05, for a total value of $4,503,000.00. Following the transaction, the executive vice president now owns 66,256 shares of the company’s stock, valued at $4,972,512.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory R. Liebbe sold 6,943 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $73.20, for a total value of $508,227.60. Following the completion of the transaction, the senior vice president now directly owns 7,585 shares in the company, valued at approximately $555,222. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of VTR. Capital Advisors Ltd. LLC boosted its stake in Ventas by 48.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,542 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Ventas by 33.6% in the second quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 474 shares in the last quarter. Washington Trust Bank boosted its stake in Ventas by 12.7% in the second quarter. Washington Trust Bank now owns 2,048 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 230 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Ventas during the second quarter valued at about $160,000. Finally, Thompson Davis & CO. Inc. boosted its stake in Ventas by 2,819.0% in the second quarter. Thompson Davis & CO. Inc. now owns 2,452 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 2,368 shares in the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Company Profile
Ventas, Inc is a healthcare real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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