Mizuho Issues Pessimistic Forecast for Ventas (NYSE:VTR) Stock Price

Ventas (NYSE:VTR) had its price target dropped by Mizuho from $71.00 to $68.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 9.45% from the stock’s current price.

Other analysts have also recently issued reports about the company. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Ventas in a report on Tuesday. Royal Bank of Canada upped their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wolfe Research upgraded Ventas to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. Finally, Scotiabank increased their price target on Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Two 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.63.

Ventas Stock Down 1.0 %

Shares of VTR opened at $62.13 on Thursday. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of -365.45, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. Ventas has a 1 year low of $41.45 and a 1 year high of $67.61. The business’s 50 day simple moving average is $64.05 and its 200-day simple moving average is $58.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04.

Insiders Place Their Bets

In other news, CEO Debra A. Cafaro sold 121,248 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $65,291,063.89. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,252 shares of company stock worth $8,809,845 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Ventas

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Ventas by 2.2% in the third quarter. State Street Corp now owns 26,671,227 shares of the real estate investment trust’s stock worth $1,710,426,000 after acquiring an additional 581,870 shares in the last quarter. FMR LLC boosted its holdings in Ventas by 4.4% in the third quarter. FMR LLC now owns 23,364,810 shares of the real estate investment trust’s stock worth $1,498,385,000 after acquiring an additional 982,795 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ventas by 2.4% in the third quarter. Geode Capital Management LLC now owns 10,411,293 shares of the real estate investment trust’s stock worth $665,559,000 after acquiring an additional 245,922 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ventas by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust’s stock worth $304,047,000 after acquiring an additional 96,482 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Ventas by 105.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust’s stock worth $347,605,000 after acquiring an additional 2,778,408 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

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.