Ventas (NYSE:VTR) had its price objective decreased by research analysts at Citigroup from $66.00 to $52.00 in a research note issued on Tuesday. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective indicates a potential upside of 4.33% from the stock’s current price.
A number of other analysts have also weighed in on VTR. SunTrust Banks set a $55.00 price target on shares of Ventas and gave the company a “hold” rating in a report on Friday. Wells Fargo & Co set a $54.00 price target on shares of Ventas and gave the company a “hold” rating in a report on Tuesday. ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Mizuho set a $53.00 price objective on shares of Ventas and gave the company a “hold” rating in a research note on Friday. Finally, BMO Capital Markets set a $55.00 price objective on shares of Ventas and gave the company a “sell” rating in a research note on Friday. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.23.
Shares of Ventas (VTR) traded down $0.62 during trading on Tuesday, hitting $49.84. 517,589 shares of the company were exchanged, compared to its average volume of 3,013,246. The company has a current ratio of 1.20, a quick ratio of 1.46 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $18,376.26 and a price-to-earnings ratio of 13.22. Ventas has a fifty-two week low of $49.17 and a fifty-two week high of $72.36.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in Ventas by 2,360.9% in the 1st quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock valued at $2,376,145,000 after acquiring an additional 35,049,052 shares in the last quarter. Norges Bank bought a new stake in Ventas in the 4th quarter valued at $159,748,000. Daiwa Securities Group Inc. lifted its position in Ventas by 193.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,921,566 shares of the real estate investment trust’s stock valued at $276,980,000 after acquiring an additional 2,587,039 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its position in Ventas by 1,760.8% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock valued at $177,555,000 after acquiring an additional 2,583,233 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Ventas by 102.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock valued at $280,817,000 after acquiring an additional 2,049,815 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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