Ventas (NYSE:VTR) Given New $69.00 Price Target at Scotiabank

Ventas (NYSE:VTR) had its price target upped by Scotiabank from $68.00 to $69.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 12.07% from the company’s previous close.

A number of other research firms have also recently commented on VTR. Robert W. Baird upgraded Ventas from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $66.00 to $65.00 in a research report on Friday, January 17th. Baird R W raised shares of Ventas from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Ventas in a report on Thursday, December 19th. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ventas presently has a consensus rating of “Buy” and a consensus target price of $67.63.

Ventas Stock Up 1.2 %

Shares of NYSE:VTR traded up $0.75 during trading on Monday, hitting $61.57. 1,061,675 shares of the company were exchanged, compared to its average volume of 2,410,622. The firm’s 50 day moving average price is $60.29 and its 200-day moving average price is $60.80. Ventas has a 12-month low of $41.45 and a 12-month high of $67.61. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $25.83 billion, a P/E ratio of -362.36, a PEG ratio of 2.52 and a beta of 1.37.

Insider Activity

In related news, CEO Debra A. Cafaro sold 121,248 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $65,291,063.89. This represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Ventas

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Friedenthal Financial lifted its position in Ventas by 1,183.7% during the third quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 11,778 shares during the period. Tandem Capital Management Corp ADV lifted its position in Ventas by 62.1% during the third 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 in the last quarter. Perpetual Ltd purchased a new stake in Ventas during the 3rd quarter worth $544,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Ventas by 7.9% during the third 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 boosted its position in shares of Ventas by 28.7% in the third quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock worth $61,878,000 after buying 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.