Ventas, Inc. (NYSE:VTR) CAO Gregory R. Liebbe sold 4,113 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $60.67, for a total value of $249,535.71. Following the completion of the sale, the chief accounting officer now owns 14,627 shares of the company’s stock, valued at approximately $887,420.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Ventas stock opened at $59.03 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 8.58 and a beta of 0.32. Ventas, Inc. has a one year low of $46.55 and a one year high of $65.70.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. The business had revenue of $923.26 million for the quarter, compared to analysts’ expectations of $913.92 million. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities analysts expect that Ventas, Inc. will post 3.81 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of VTR. JPMorgan Chase & Co. increased its stake in shares of Ventas by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock valued at $392,299,000 after buying an additional 1,331,028 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ventas by 23.0% during the third quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock valued at $372,410,000 after buying an additional 1,282,487 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Ventas by 35.6% during the third quarter. Vident Investment Advisory LLC now owns 30,828 shares of the real estate investment trust’s stock valued at $1,676,000 after buying an additional 8,086 shares during the period. Verition Fund Management LLC purchased a new position in shares of Ventas during the third quarter valued at approximately $357,000. Finally, Mackenzie Financial Corp increased its stake in shares of Ventas by 56.7% during the third quarter. Mackenzie Financial Corp now owns 11,208 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 4,056 shares during the period. 88.50% of the stock is currently owned by hedge funds and other institutional investors.
VTR has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 price target on the stock. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Deutsche Bank lifted their price target on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. BMO Capital Markets lifted their price target on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Finally, Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.33.
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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, health systems and skilled nursing facilities.
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