Ventas (NYSE:VTR) Given a $59.00 Price Target by Evercore ISI Analysts

Ventas (NYSE:VTRGet Rating) received a $59.00 price target from Evercore ISI in a research note issued to investors on Monday, Stock Target Advisor reports. Evercore ISI’s price objective indicates a potential upside of 20.46% from the company’s previous close.

Several other research firms also recently commented on VTR. BMO Capital Markets upgraded shares of Ventas from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $57.00 to $67.00 in a report on Friday, March 11th. Raymond James upped their price target on shares of Ventas from $60.00 to $67.00 and gave the company a “strong-buy” rating in a research note on Friday, March 18th. Royal Bank of Canada upped their price target on shares of Ventas from $62.00 to $63.00 in a research note on Friday, May 20th. Bank of America upgraded shares of Ventas from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, March 11th. Finally, Credit Suisse Group upgraded shares of Ventas from a “neutral” rating to an “outperform” rating and upped their price target for the company from $53.00 to $63.00 in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned 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 “Buy” and a consensus price target of $63.00.

Shares of NYSE:VTR traded up $0.11 on Monday, hitting $48.98. The company had a trading volume of 150,463 shares, compared to its average volume of 2,340,578. Ventas has a 1-year low of $45.44 and a 1-year high of $64.02. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 125.59, a P/E/G ratio of 2.97 and a beta of 1.16. The stock has a 50 day moving average price of $56.25 and a 200 day moving average price of $54.74. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.15.

In other news, CEO Debra A. Cafaro sold 69,602 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $63.40, for a total value of $4,412,766.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Debra A. Cafaro sold 17,400 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $56.43, for a total transaction of $981,882.00. Following the completion of the transaction, the chief executive officer now directly owns 767,960 shares of the company’s stock, valued at approximately $43,335,982.80. The disclosure for this sale can be found here. Insiders sold 104,402 shares of company stock valued at $6,481,975 in the last three months. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VTR. Norges Bank bought a new position in Ventas in the 4th quarter valued at approximately $193,927,000. BlackRock Inc. raised its holdings in Ventas by 9.0% in the 4th quarter. BlackRock Inc. now owns 42,415,032 shares of the real estate investment trust’s stock valued at $2,168,257,000 after buying an additional 3,497,527 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ventas by 16.8% in the 1st quarter. JPMorgan Chase & Co. now owns 23,208,940 shares of the real estate investment trust’s stock valued at $1,433,382,000 after buying an additional 3,334,960 shares during the last quarter. State Street Corp raised its holdings in Ventas by 10.5% in the 1st quarter. State Street Corp now owns 29,045,433 shares of the real estate investment trust’s stock valued at $1,806,565,000 after buying an additional 2,769,943 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Ventas by 19.1% during the 4th quarter. Principal Financial Group Inc. now owns 16,472,347 shares of the real estate investment trust’s stock valued at $842,871,000 after purchasing an additional 2,647,368 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Ventas Company Profile (Get Rating)

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

See Also

Stock Target Advisor logo

Analyst Recommendations for Ventas (NYSE:VTR)

Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.