Today, Ventas Inc. (VTR) Rating Decreased to Underperform at BMO Capital Markets

Today, Ventas Inc. (VTR) Rating Decreased to Underperform at BMO Capital Markets
Ventas Inc. (NYSE:VTR) was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report released on Tuesday. They presently have a $55.00 target price on the real estate investment trust’s stock, down from their prior target price of $65.00. BMO Capital Markets’ target price suggests a potential downside of 8.70% from the stock’s current price.

VTR has been the subject of several other research reports. Zacks Investment Research cut Ventas from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Raymond James Financial Inc. assumed coverage on Ventas in a research note on Tuesday, July 26th. They issued a “market perform” rating for the company. Mizuho reissued a “buy” rating and issued a $84.00 price target on shares of Ventas in a research note on Monday, October 24th. BTIG Research assumed coverage on Ventas in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Argus reissued a “hold” rating on shares of Ventas in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $64.50.

Ventas (NYSE:VTR) traded up 0.48% during mid-day trading on Tuesday, reaching $60.24. 826,974 shares of the company traded hands. The stock has a market capitalization of $21.33 billion, a PE ratio of 36.49 and a beta of 0.18. Ventas has a 52-week low of $46.87 and a 52-week high of $76.80. The firm’s 50-day moving average is $64.18 and its 200 day moving average is $69.12.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The business earned $867.12 million during the quarter, compared to analysts’ expectations of $842.66 million. Ventas had a return on equity of 5.76% and a net margin of 16.61%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. On average, equities research analysts expect that Ventas will post $4.12 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama raised its position in shares of Ventas by 1.4% in the second quarter. Retirement Systems of Alabama now owns 172,383 shares of the real estate investment trust’s stock worth $12,553,000 after buying an additional 2,362 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Ventas by 1.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 293,975 shares of the real estate investment trust’s stock worth $20,763,000 after buying an additional 4,338 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ventas by 3.0% in the first quarter. Royal Bank of Canada now owns 1,279,626 shares of the real estate investment trust’s stock worth $80,563,000 after buying an additional 37,813 shares during the last quarter. PGGM Investments raised its position in shares of Ventas by 12.6% in the second quarter. PGGM Investments now owns 3,780,117 shares of the real estate investment trust’s stock worth $275,268,000 after buying an additional 423,733 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Ventas by 5.1% in the first quarter. Legal & General Group Plc now owns 2,187,533 shares of the real estate investment trust’s stock worth $137,726,000 after buying an additional 106,708 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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