Ventas, Inc. (NYSE:VTR) has been downgraded by RBC Capital Mkts on November 02 which now rates the stock as Sector Perform compared with Outperform rating suggested in the past. Analysts at JP Morgan, started covering the stock on October 30 with a Neutral rating. The stock lost favor of Evercore ISI analysts who expressed their lack of confidence in it using a downgrade from In-line to Underperform on May 21. Hilliard Lyons analysts came out with bullish views on April 27 when the call was made. They think the stock is now Long-term Buy compared to to their prior call for Neutral.
Ventas, Inc. (VTR) hit an intraday high Tuesday at $64.28. The shares finished at $63.16, after trading as low as $63.01 earlier in the session. It dropped -0.68% in recent trade and currently has a stock-market value of $22.51B. Trading activity significantly improved as the volume at ready counter increased to 3,559,595 shares versus 1,929,920 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,466,720 shares. The stock is now 35.68% above against its bear-market low of $46.55 on April 25, 2018. It has retreated -2.85% since it’s 52-week high of $64.96 reached in December. Now the market price is up 0.54% on the year and up 5.25% YTD.
VTR’s 50 day simple moving average (SMA 50) price is $57.65 and its 200-day simple moving average (SMA 200) price is $55.02. The company’s stock currently has a total float of 355.11M shares. Its weekly volatility is hovering around 1.76% and felt 1.75% volatility in price over a month. On the upside, the share price will test short term resistance at around $63.96. On a downside, the stock is likely to find some support, which begins at $62.69. The failure to get near-term support could push it to $62.21.
Separately, it has been reported that multiple insider activity took place at Ventas, Inc. (VTR). EVP, Chief Admin. Off., GC Riney T Richard sold 15,288 shares for $220,429 in transaction occurred on 2018/11/20. After making this transaction, the EVP, Chief Admin. Off., GC owns a direct stake of 955,500 shares, worth $13,922,296, as per the last closing price. On 2018/08/31 Riney T Richard, EVP, Chief Admin. Off., GC at VTR, dumped 13,708 shares at an average price of $60 per share. The selling total is valued at $14,887,886.
Chairman and CEO, Cafaro Debra A had divested 30,942 shares for $749,167 through a trade on 2018/07/03. Following this activity, the insider holds 1,794,636 shares worth $47,317,388 as of recent close. Wall Street’s most bullish Ventas, Inc. (NYSE:VTR) analysts are predicting the share price to blow past $63 per share during the next 12 months. The current median share price forecast by them is $58, suggesting that the stock could increase -8.17% in that time frame. The average price target of $56.85 calls for a nearly -9.99% increase in the stock price.
When looking at valuations, Ventas, Inc. (VTR) has a pricey P/E of 50.65x as compared to industry average of 36.44x. Moreover, it trades for 43.47 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.12x price/book and 6.05x price/sales. Compared to others, Ventas, Inc. is in a different league with regards to profitability, having net margins of 19.9%. To put some perspective around this, the industry’s average net margin is 37.37%. VTR’s ROE is 6.8%, which is also considerably worse than the industry’s ROE of 14.34%.
Shares of Ventas, Inc. (VTR) have gained 11.8% since the company’s last earnings report. Over the past 12 fiscal quarters, Ventas, Inc. (NYSE:VTR) has topped consensus earnings estimates in 0 quarters (0%), missed earnings in 12 quarters (100%), whereas at 0 occasion EPS met analyst expectations. Revenue for the recent quarter stood at $936.54 million, up 4% on last year and above the $912.27 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $914.71 million to $942.77 million, which should be compared with $931.99 million generated last year. EPS is seen in a range of $0.32 to $0.37, against the $0.5 reported a year ago.