A number of other brokerages also recently issued reports on VTR. Wells Fargo & Company reduced their price target on shares of Ventas from $49.00 to $47.00 and set an overweight rating on the stock in a report on Monday, November 13th. Bank of America raised shares of Ventas from a neutral rating to a buy rating and lifted their price objective for the stock from $48.00 to $53.00 in a research note on Tuesday, January 16th. Wedbush raised shares of Ventas from a neutral rating to an outperform rating and lifted their price objective for the stock from $44.00 to $51.00 in a research note on Tuesday, November 7th. BNP Paribas initiated coverage on shares of Ventas in a research note on Wednesday, October 11th. They issued an outperform rating and a $47.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ventas in a research note on Tuesday, January 30th. They set a buy rating and a $60.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ventas has an average rating of Moderate Buy and a consensus target price of $51.62.
Ventas Stock Performance
Ventas Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Tuesday, January 2nd were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.80 annualized dividend and a dividend yield of 3.99%. Ventas’s dividend payout ratio is currently 18,018.02%.
Institutional Investors Weigh In On Ventas
Several large investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in shares of Ventas during the 4th quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Ventas during the 2nd quarter worth approximately $26,000. Covestor Ltd raised its stake in shares of Ventas by 86.2% during the 2nd quarter. Covestor Ltd now owns 555 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 257 shares in the last quarter. McIlrath & Eck LLC grew its position in Ventas by 184.4% during the 2nd quarter. McIlrath & Eck LLC now owns 657 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 426 shares during the last quarter. Finally, Fairfield Bush & CO. purchased a new stake in Ventas during the 1st quarter worth approximately $41,000. Institutional investors own 93.48% of the company’s stock.
Ventas Company Profile
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns or has investments in a highly diversified portfolio of approximately 1,400 properties in the United States, Canada, and the United Kingdom.
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