Ventas (NYSE:VTR) Given New $66.00 Price Target at Robert W. Baird

Ventas (NYSE:VTR) had its target price increased by Robert W. Baird from $65.00 to $66.00 in a report released on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. Evercore ISI lifted their target price on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Mizuho decreased their target price on Ventas from $71.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Scotiabank increased their price objective on Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Wedbush reissued an “outperform” rating and issued a $75.00 price target on shares of Ventas in a research note on Thursday. Finally, StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ventas Price Performance

Shares of VTR opened at $58.76 on Friday. Ventas has a 12-month low of $41.45 and a 12-month high of $67.61. The stock has a market cap of $24.65 billion, a P/E ratio of -345.63, a P/E/G ratio of 2.78 and a beta of 1.36. The business’s fifty day moving average is $63.36 and its 200 day moving average is $59.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Ventas’s dividend payout ratio (DPR) is -1,058.82%.

Insider Buying and Selling

In other news, CEO Debra A. Cafaro sold 121,248 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $65,291,063.89. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ventas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Friedenthal Financial grew its stake in Ventas by 1,183.7% in 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 last quarter. Tandem Capital Management Corp ADV boosted its holdings in Ventas by 62.1% in the third quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock worth $1,778,000 after acquiring an additional 10,620 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Ventas during the third quarter valued at about $544,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake 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 purchasing an additional 24,300 shares in the last quarter. Finally, abrdn plc grew its position in Ventas by 28.7% during the 3rd quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock worth $61,878,000 after purchasing an additional 214,384 shares during the last quarter. Institutional investors 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.