Beacon Pointe Advisors LLC Purchases New Holdings in Ventas, Inc. $VTR

Key Points

• Beacon Pointe Advisors purchased 19,275 Ventas shares during the second quarter, valued at approximately $1.7 million. Institutional investors collectively own 94.18% of the healthcare REIT.
• Analysts maintain a generally positive view, with 14 Buy ratings and three Holds; Ventas has a consensus rating of “Moderate Buy” and an average price target of $98.
• Ventas reported quarterly earnings of $0.97 per share, slightly exceeding estimates, while revenue rose 21.7% year over year to $1.73 billion. Shares recently opened at $91.78.

Beacon Pointe Advisors LLC purchased a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,275 shares of the real estate investment trust's stock, valued at approximately $1,712,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of Ventas by 0.7% during the 4th quarter. Deutsche Bank AG now owns 3,904,293 shares of the real estate investment trust's stock worth $302,114,000 after buying an additional 27,688 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Ventas by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,868,962 shares of the real estate investment trust's stock valued at $222,000,000 after buying an additional 70,459 shares in the last quarter. Norges Bank acquired a new stake in Ventas in the fourth quarter valued at about $474,571,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ventas by 7.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,346,111 shares of the real estate investment trust's stock valued at $104,095,000 after acquiring an additional 92,236 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in Ventas by 5.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,851,968 shares of the real estate investment trust's stock valued at $143,305,000 after acquiring an additional 101,370 shares during the last quarter. Institutional investors own 94.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $100.00 price objective on shares of Ventas in a research report on Tuesday, June 16th. Raymond James Financial assumed coverage on shares of Ventas in a research report on Tuesday, June 16th. They issued an "outperform" rating and a $94.00 target price on the stock. UBS Group boosted their target price on shares of Ventas from $85.00 to $93.00 and gave the stock a "neutral" rating in a research note on Monday, May 4th. Scotiabank lowered their price target on shares of Ventas from $95.00 to $88.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Finally, BMO Capital Markets increased their price target on Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Ventas Stock Down 0.0%

Shares of VTR opened at $91.78 on Monday. The stock's 50-day moving average price is $92.42 and its two-hundred day moving average price is $87.61. Ventas, Inc. has a 12 month low of $66.38 and a 12 month high of $101.60. The company has a market capitalization of $47.08 billion, a PE ratio of 169.96, a PEG ratio of 2.11 and a beta of 0.69. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86.

Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.68 billion. The business's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, analysts anticipate that Ventas, Inc. will post 3.89 EPS for the current year.

Insider Activity

In other news, Director Michael J. Embler purchased 2,500 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $78.81 per share, for a total transaction of $197,025.00. Following the transaction, the director owned 19,202 shares of the company's stock, valued at approximately $1,513,309.62. This trade represents a 14.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company's stock.

Ventas Profile

Ventas, Inc NYSE: VTR is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.

Ventas' business model combines property ownership with active asset management and capital markets activity.

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