Robert W. Baird Forecasts Strong Price Appreciation for Ventas (NYSE:VTR) Stock

Ventas (NYSE:VTR) had its target price increased by stock analysts at Robert W. Baird from $65.00 to $66.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 12.32% from the company’s current price.

A number of other brokerages have also issued reports on VTR. StockNews.com lowered shares of Ventas from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Scotiabank increased their price target 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. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Evercore ISI increased their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wedbush reissued an “outperform” rating and set a $75.00 target price on shares of Ventas in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Ventas Stock Up 1.8 %

Shares of NYSE:VTR opened at $58.76 on Friday. Ventas has a 52-week low of $41.45 and a 52-week high of $67.61. The stock has a market cap of $24.65 billion, a P/E ratio of -345.63, a PEG ratio of 2.78 and a beta of 1.36. The business has a fifty day moving average of $63.36 and a two-hundred day moving average of $59.33. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39.

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 6,004 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $66.11, for a total value of $396,924.44. Following the completion of the transaction, the chief executive officer now owns 986,717 shares in the company, valued at $65,231,860.87. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VTR. Friedenthal Financial grew its position 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 worth $819,000 after buying an additional 11,778 shares in the last quarter. Tandem Capital Management Corp ADV lifted its stake 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 during the last quarter. Perpetual Ltd acquired a new position in Ventas during the 3rd quarter worth approximately $544,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 valued at $21,310,000 after purchasing an additional 24,300 shares during the last quarter. Finally, abrdn plc raised 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 purchasing an additional 214,384 shares in the last quarter. 94.18% of the stock is currently 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.