JPMorgan Chase & Co. Begins Coverage on Ventas (VTR)

JPMorgan Chase & Co. started coverage on shares of Ventas (NYSE:VTR) in a note issued to investors on Tuesday, The Fly reports. The firm set a “neutral” rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. TheStreet downgraded shares of Ventas from a “b” rating to a “c+” rating in a research report on Friday. Stifel Nicolaus set a $55.00 price objective on shares of Ventas and gave the company a “hold” rating in a research report on Monday. ValuEngine upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Royal Bank of Canada set a $61.00 price objective on shares of Ventas and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, SunTrust Banks restated a “hold” rating and set a $58.00 price objective on shares of Ventas in a research report on Tuesday, July 31st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Ventas presently has a consensus rating of “Hold” and a consensus target price of $55.25.

Shares of Ventas stock opened at $57.26 on Tuesday. The company has a market cap of $20.24 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.87 and a beta of 0.14. Ventas has a twelve month low of $46.55 and a twelve month high of $65.72. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.56.

Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.02. The company had revenue of $936.54 million for the quarter, compared to the consensus estimate of $920.19 million. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. On average, research analysts anticipate that Ventas will post 4.06 earnings per share for the current fiscal year.

In other Ventas news, EVP T Richard Riney sold 13,708 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in shares of Ventas by 1,618.2% during the 2nd quarter. Alps Advisors Inc. now owns 437,048 shares of the real estate investment trust’s stock valued at $24,890,000 after purchasing an additional 411,612 shares during the period. Russell Investments Group Ltd. raised its position in shares of Ventas by 43.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 454,991 shares of the real estate investment trust’s stock valued at $25,970,000 after purchasing an additional 137,926 shares during the period. Vident Investment Advisory LLC raised its position in shares of Ventas by 140.9% during the 2nd quarter. Vident Investment Advisory LLC now owns 22,742 shares of the real estate investment trust’s stock valued at $1,295,000 after purchasing an additional 13,301 shares during the period. Toronto Dominion Bank raised its position in shares of Ventas by 19.2% during the 2nd quarter. Toronto Dominion Bank now owns 229,043 shares of the real estate investment trust’s stock valued at $13,041,000 after purchasing an additional 36,961 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Ventas by 1.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 135,214 shares of the real estate investment trust’s stock valued at $7,700,000 after purchasing an additional 1,351 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

Ventas Company Profile

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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