Jefferies analyst Jonathan Petersen reiterated a Buy rating on Ventas (VTR – Research Report) on May 10 and set a price target of $56.00. The company’s shares opened today at $47.73.
According to TipRanks, Petersen is a 5-star analyst with an average return of 6.9% and a 59.73% success rate. Petersen covers the Real Estate sector, focusing on stocks such as Public Storage, Healthpeak Properties, and Equinix.
In addition to Jefferies, Ventas also received a Buy from RBC Capital’s Michael Carroll in a report issued on May 7. However, on May 2, Scotiabank maintained a Hold rating on Ventas (NYSE: VTR).
Based on Ventas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.16 billion and a GAAP net loss of $92.21 million. In comparison, last year the company earned a revenue of $1.05 billion and had a GAAP net loss of $46.88 million
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTR in relation to earlier this year.
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Ventas (VTR) Company Description:
Ventas, Inc. engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations. The company was founded in 1983 and is headquartered in Chicago, IL.
