Ventas (NYSE:VTR) Price Target Raised to $66.00

Ventas (NYSE:VTR) had its target price raised by investment analysts at Robert W. Baird from $65.00 to $66.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s target price would indicate a potential upside of 14.33% from the company’s current price.

Several other equities research analysts have also recently commented on VTR. Evercore ISI raised their target price on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Mizuho decreased their price objective on Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank increased their price objective on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Finally, Wedbush reissued an “outperform” rating and issued a $75.00 price target on shares of Ventas in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Ventas Stock Down 1.7 %

Shares of NYSE:VTR opened at $57.73 on Friday. The company has a fifty day moving average of $63.44 and a 200-day moving average of $59.21. The company has a market capitalization of $24.22 billion, a PE ratio of -339.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.36. Ventas has a 52-week low of $41.45 and a 52-week high of $67.61. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04.

Insider Buying and Selling at Ventas

In related news, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at $65,291,063.89. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global X Japan Co. Ltd. bought a new position in shares of Ventas in the 3rd quarter worth approximately $48,000. Morse Asset Management Inc bought a new position in Ventas in the third quarter worth approximately $64,000. Hanseatic Management Services Inc. purchased a new position in shares of Ventas during the 3rd quarter worth $74,000. Tobam bought a new stake in shares of Ventas during the 3rd quarter valued at $79,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Ventas in the 3rd quarter worth $80,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.