Ventas (NYSE:VTR) Price Target Raised to $69.00

Ventas (NYSE:VTR) had its target price upped by Scotiabank from $68.00 to $69.00 in a research note issued to investors on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Wedbush restated an “outperform” rating and issued a $75.00 target price on shares of Ventas in a research note on Thursday, December 19th. Mizuho dropped their price target on Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $67.63.

Ventas Stock Down 1.9 %

VTR opened at $59.68 on Monday. The company has a 50 day moving average of $60.18 and a 200 day moving average of $60.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. Ventas has a 12 month low of $41.45 and a 12 month high of $67.61. The company has a market cap of $25.03 billion, a PE ratio of -351.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, December 31st. Ventas’s dividend payout ratio is currently -1,058.76%.

Institutional Trading of Ventas

Several institutional investors have recently added to or reduced their stakes in VTR. Friedenthal Financial boosted its stake in shares of Ventas by 1,183.7% during the third quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 11,778 shares during the period. Tandem Capital Management Corp ADV raised its holdings in Ventas by 62.1% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock valued at $1,778,000 after buying an additional 10,620 shares during the last quarter. Perpetual Ltd purchased a new stake in Ventas during the 3rd quarter valued at $544,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Ventas by 7.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 332,300 shares of the real estate investment trust’s stock worth $21,310,000 after acquiring an additional 24,300 shares during the last quarter. Finally, abrdn plc increased its holdings in Ventas by 28.7% during the 3rd quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock valued at $61,878,000 after purchasing an additional 214,384 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

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.