Ventas Inc. (NYSE: VTR) stock fell -2.13% on Friday to $44.55 against a previous-day closing price of $45.52. With 1.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.73 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $45.38 whereas the lowest price it dropped to was $44.18. The 52-week range on VTR shows that it touched its highest point at $64.02 and its lowest point at $45.44 during that stretch. It currently has a 1-year price target of $59.19. With its current market cap of 17.56 billion, VTR has annualized dividend of $1.80 while the current yield stands at 4.04%. Beta for the stock currently stands at 1.17.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VTR was down-trending over the past week, with a drop of -5.89%, but this was down by -7.50% over a month. Three-month performance dropped to -10.79% while six-month performance fell -25.92%. The stock lost -20.74% in the past year, while it has lost -12.85% so far this year. A look at the trailing 12-month EPS for VTR yields 0.04 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.02. This implies an EPS growth rate of -89.10% for this year and 1450.00% for next year.
Float and Shares Shorts:
At present, 399.59 million VTR shares are outstanding with a float of 397.86 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.38 million, which was 1.60% higher than short shares on Jun 14, 2022. In addition to Ms. Debra A. Cafaro as the firm’s Chairman & CEO, Mr. Robert F. Probst serves as its Exec. VP & CFO.
Through their ownership of 95.94% of VTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.23% of VTR, in contrast to 37.68% held by mutual funds. Shares owned by individuals account for 1.73%. As the largest shareholder in VTR with 15.79% of the stake, The Vanguard Group, Inc. holds 63,117,184 shares worth 63,117,184. A second-largest stockholder of VTR, SSgA Funds Management, Inc., holds 29,288,200 shares, controlling over 7.33% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VTR, holding 27,413,808 shares or 6.86% stake. With a 4.65% stake in VTR, the Stichting Pensioenfonds ABP is the largest stakeholder. A total of 18,597,402 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.58% of VTR stock, is the second-largest Mutual Fund holder. It holds 18,324,532 shares valued at 877.01 million. Vanguard Total Stock Market Index holds 2.96% of the stake in VTR, owning 11,848,239 shares worth 567.06 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VTR since 22 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VTR analysts setting a high price target of $80.00 and a low target of $53.00, the average target price over the next 12 months is $59.19. Based on these targets, VTR could surge 79.57% to reach the target high and rise by 18.97% to reach the target low. Reaching the average price target will result in a growth of 32.86% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VTR will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $0.23 being high and -$0.33 being low. For VTR, this leads to a yearly average estimate of $0.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Ventas Inc. surprised analysts by -$0.12 when it reported -$0.11 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.13. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.05.
Summary of Insider Activity:
Insiders traded VTR stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 2,180 shares were bought while 0 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 350,189 while 265,935 shares were sold.