Ventas (NYSE:VTR) Given New $71.00 Price Target at Wedbush

Ventas (NYSE:VTR) had its price target hoisted by Wedbush from $64.00 to $71.00 in a research note released on Tuesday, Marketbeat reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for Ventas’ Q3 2024 earnings at $0.84 EPS, Q4 2024 earnings at $0.87 EPS and FY2024 earnings at $3.30 EPS.

Several other equities analysts have also recently weighed in on VTR. Wells Fargo & Company lifted their price objective on shares of Ventas from $46.00 to $49.00 and gave the stock an equal weight rating in a research report on Thursday, May 30th. Scotiabank boosted their price target on shares of Ventas from $55.00 to $59.00 and gave the company a sector perform rating in a report on Wednesday, August 7th. Wolfe Research upgraded shares of Ventas to a strong-buy rating in a report on Friday, August 9th. Evercore ISI boosted their price target on shares of Ventas from $61.00 to $64.00 and gave the company an outperform rating in a report on Wednesday, August 28th. Finally, StockNews.com upgraded shares of Ventas from a sell rating to a hold rating in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $56.91.

Ventas Trading Up 0.1 %

NYSE VTR opened at $65.06 on Tuesday. Ventas has a twelve month low of $39.33 and a twelve month high of $65.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of -342.40, a PEG ratio of 2.89 and a beta of 1.36. The firm’s 50 day moving average price is $57.79 and its two-hundred day moving average price is $50.25.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts anticipate that Ventas will post 3.18 EPS for the current year.

Insider Buying and Selling

In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the completion of the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the completion of the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares of the company’s stock, valued at $5,900,767.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,065 shares of company stock worth $4,526,464. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Ventas

Hedge funds have recently made changes to their positions in the stock. Evoke Wealth LLC bought a new stake in shares of Ventas in the fourth quarter valued at about $6,947,000. Wellington Management Group LLP lifted its stake in shares of Ventas by 405.5% in the fourth quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock valued at $8,532,000 after buying an additional 137,327 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Ventas in the first quarter valued at about $1,005,000. Nomura Holdings Inc. bought a new stake in shares of Ventas in the fourth quarter valued at about $3,560,000. Finally, Centersquare Investment Management LLC lifted its stake in shares of Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after buying an additional 802,546 shares during the period. Institutional investors own 94.18% of the company’s stock.

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.