California State Teachers Retirement System Grows Stock Holdings in Ventas, Inc. $VTR

Key Points

• California State Teachers Retirement System increased its Ventas stake by 9,549.4% in the second quarter, ending with 65.4 million shares worth approximately $5.8 billion, or 12.74% of the REIT.
• Ventas reported quarterly EPS of $0.97, narrowly beating estimates, while revenue reached $1.73 billion and rose 21.7% year over year.
• Analysts remain generally positive: 14 rate Ventas a Buy and three a Hold, producing a “Moderate Buy” consensus and an average price target of $99 versus a recent share price of $89.37.

California State Teachers Retirement System grew its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 9,549.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,366,390 shares of the real estate investment trust's stock after acquiring an additional 64,688,974 shares during the period. California State Teachers Retirement System owned 12.74% of Ventas worth $5,804,535,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Ventas in the second quarter valued at approximately $4,953,439,000. State Street Corp increased its holdings in Ventas by 2.5% during the 4th quarter. State Street Corp now owns 29,662,635 shares of the real estate investment trust's stock worth $2,309,234,000 after purchasing an additional 735,620 shares during the period. Geode Capital Management LLC raised its position in Ventas by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 12,988,943 shares of the real estate investment trust's stock valued at $1,001,447,000 after purchasing an additional 475,633 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ventas by 27.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,176,254 shares of the real estate investment trust's stock valued at $710,060,000 after purchasing an additional 2,000,341 shares in the last quarter. Finally, Capital World Investors purchased a new stake in shares of Ventas in the 4th quarter worth $594,116,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Price Performance

Shares of VTR stock opened at $89.37 on Thursday. Ventas, Inc. has a 1-year low of $66.54 and a 1-year high of $101.60. The stock's 50-day moving average is $92.98 and its 200 day moving average is $87.92. The company has a market cap of $45.84 billion, a P/E ratio of 165.49, a PEG ratio of 3.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.44 and a quick ratio of 0.44.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets raised 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. The Goldman Sachs Group reissued a "buy" rating and set a $110.00 target price on shares of Ventas in a research report on Tuesday, May 19th. Cantor Fitzgerald boosted their price target on shares of Ventas from $97.00 to $102.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $100.00 price objective on shares of Ventas in a research note on Tuesday, June 16th. Finally, Scotiabank lifted their price objective on shares of Ventas from $93.00 to $95.00 and gave the company a "sector perform" rating in a report on Wednesday, September 2nd. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.00.

Ventas Company Profile

Ventas, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of healthcare and senior living properties. Its real estate platform includes senior housing communities, medical office buildings, life science and innovation centers, and other healthcare-related facilities.

The company generally leases or operates its properties through relationships with healthcare providers, senior living operators, universities, and research institutions. Its properties support services such as independent and assisted living, skilled nursing, outpatient care, physician practices, medical research, and biotechnology development.

Ventas serves major healthcare and life science markets in the United States and Canada.

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