Ventas (NYSE:VTR) Earns Hold Rating from Analysts at Berenberg Bank

Analysts at Berenberg Bank began coverage on shares of Ventas (NYSE:VTR) in a research report issued on Thursday, The Fly reports. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on VTR. Stifel Nicolaus upgraded Ventas from a “hold” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $74.00 in a research note on Wednesday, June 19th. Bank of America restated a “neutral” rating and set a $72.50 target price (up from $67.00) on shares of Ventas in a research note on Friday, June 21st. Citigroup upgraded Ventas from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $67.00 to $76.00 in a research note on Wednesday, June 19th. BMO Capital Markets restated a “hold” rating and set a $73.00 target price on shares of Ventas in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted their target price on Ventas to $71.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.21.

Shares of NYSE:VTR opened at $72.32 on Thursday. Ventas has a 12-month low of $51.80 and a 12-month high of $75.40. The business’s fifty day simple moving average is $71.45 and its 200-day simple moving average is $66.22. The company has a market capitalization of $26.64 billion, a PE ratio of 17.77, a P/E/G ratio of 6.07 and a beta of 0.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.94.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $931.16 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Research analysts predict that Ventas will post 3.84 EPS for the current year.

In other Ventas news, EVP T Richard Riney sold 29,702 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the sale, the executive vice president now owns 163,488 shares in the company, valued at approximately $11,517,729.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Debra A. Cafaro sold 68,080 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total value of $4,700,243.20. Following the sale, the chairman now owns 741,358 shares in the company, valued at approximately $51,183,356.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,866 shares of company stock worth $12,048,458. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Centersquare Investment Management LLC lifted its holdings in shares of Ventas by 397.7% in the 1st quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after buying an additional 15,497,390 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Ventas by 63.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock valued at $421,582,000 after buying an additional 2,393,109 shares during the period. Heitman Real Estate Securities LLC lifted its holdings in shares of Ventas by 897.7% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,444,117 shares of the real estate investment trust’s stock valued at $98,705,000 after buying an additional 1,299,372 shares during the period. Resolution Capital Ltd acquired a new position in shares of Ventas in the 2nd quarter valued at about $76,570,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Ventas by 809.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock valued at $81,778,000 after buying an additional 1,064,842 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.

About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

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