Baird R W Upgrades Ventas (NYSE:VTR) to Strong-Buy

Ventas (NYSE:VTR) was upgraded by stock analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Robert W. Baird raised Ventas from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $66.00 to $65.00 in a research note on Friday. Wedbush restated an “outperform” rating and set a $75.00 target price on shares of Ventas in a research note on Thursday, December 19th. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. Finally, Scotiabank lifted their target price on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ventas has an average rating of “Buy” and an average target price of $67.13.

Ventas Trading Up 0.8 %

Shares of VTR stock opened at $58.85 on Friday. Ventas has a 1 year low of $41.45 and a 1 year high of $67.61. The firm has a fifty day moving average price of $60.88 and a 200-day moving average price of $60.36. The company has a market cap of $24.69 billion, a price-to-earnings ratio of -346.15, a PEG ratio of 2.48 and a beta of 1.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04.

Insider Buying and Selling at Ventas

In other Ventas news, CEO Debra A. Cafaro sold 121,248 shares of the firm’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 transaction of $8,022,980.16. Following the completion of the transaction, the chief executive officer now owns 986,717 shares in the company, valued at $65,291,063.89. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Ventas

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

Ventas Company Profile

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.