Ventas (NYSE:VTR) Given New $80.00 Price Target at Evercore ISI

Ventas (NYSE:VTR) had its price objective lifted by Evercore ISI from $77.00 to $80.00 in a report published on Monday morning, Marketbeat reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on VTR. Scotiabank lifted their target price on Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Wall Street Zen lowered Ventas from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Ventas from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 15th. Raymond James Financial restated an “outperform” rating and set a $78.00 target price (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Finally, Argus reiterated a “buy” rating and issued a $75.00 price target on shares of Ventas in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ventas has a consensus rating of “Moderate Buy” and a consensus price target of $75.27.

Ventas Trading Up 0.2%

Shares of VTR stock opened at $69.89 on Monday. Ventas has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The company has a 50 day moving average price of $67.32 and a 200 day moving average price of $66.30. The stock has a market capitalization of $31.76 billion, a P/E ratio of 162.53, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Equities research analysts predict that Ventas will post 3.4 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert F. Probst sold 29,691 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. The trade was a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total transaction of $699,831.60. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares in the company, valued at $77,678,121. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,788 shares of company stock worth $18,279,081 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Ventas

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Ventas by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 71,796,312 shares of the real estate investment trust’s stock valued at $4,533,937,000 after purchasing an additional 2,854,751 shares during the period. JPMorgan Chase & Co. increased its position in Ventas by 9.5% during the first quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock worth $2,224,203,000 after buying an additional 2,811,241 shares during the period. State Street Corp lifted its stake in Ventas by 5.2% in the second quarter. State Street Corp now owns 27,998,629 shares of the real estate investment trust’s stock valued at $1,781,267,000 after buying an additional 1,388,678 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ventas by 4.9% in the second quarter. Geode Capital Management LLC now owns 12,226,283 shares of the real estate investment trust’s stock valued at $769,061,000 after acquiring an additional 574,663 shares during the period. Finally, Resolution Capital Ltd grew its position in shares of Ventas by 10.5% during the first quarter. Resolution Capital Ltd now owns 7,889,848 shares of the real estate investment trust’s stock worth $542,506,000 after acquiring an additional 751,587 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

About Ventas

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.