Ventas (NYSE:VTR) Stock Price Expected to Rise, Scotiabank Analyst Says

Ventas (NYSE:VTR) had its price target upped by investment analysts at Scotiabank from $68.00 to $69.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 13.46% from the stock’s current price.

Several other analysts have also issued reports on the stock. Robert W. Baird upgraded shares of Ventas from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $66.00 to $65.00 in a report on Friday, January 17th. Baird R W upgraded 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 report on Friday, January 17th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ventas in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Ventas presently has an average rating of “Buy” and a consensus price target of $67.63.

Ventas Price Performance

VTR stock opened at $60.82 on Monday. Ventas has a 52-week low of $41.45 and a 52-week high of $67.61. The business has a fifty day moving average of $60.25 and a two-hundred day moving average of $60.86. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of -357.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39.

Institutional Trading of Ventas

Large investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in Ventas by 8.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,546 shares of the real estate investment trust’s stock valued at $739,000 after buying an additional 932 shares in the last quarter. Entropy Technologies LP increased its holdings in shares of Ventas by 36.3% in the 4th quarter. Entropy Technologies LP now owns 64,853 shares of the real estate investment trust’s stock valued at $3,819,000 after acquiring an additional 17,271 shares during the last quarter. Empowered Funds LLC raised its position in shares of Ventas by 11.3% during the 4th quarter. Empowered Funds LLC now owns 7,837 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 797 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ventas by 6.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 128,011 shares of the real estate investment trust’s stock worth $7,539,000 after purchasing an additional 7,449 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Ventas by 7.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,423,945 shares of the real estate investment trust’s stock valued at $83,856,000 after purchasing an additional 94,791 shares in the last quarter. 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.