Diamond Hill Capital Management LLC Investment Advisor Acquires New Shares in Ventas, Inc. $VTR

Key Points

• Diamond Hill Capital Management acquired 98,823 shares of Ventas worth approximately $8.8 million during the second quarter, while institutional investors collectively own 94.18% of the REIT.
• Ventas exceeded quarterly expectations, reporting $0.97 in EPS versus a $0.96 consensus estimate and $1.73 billion in revenue, up 21.7% year over year.
• Analysts maintain a “Moderate Buy” consensus on VTR, with 15 Buy ratings, three Holds, and an average price target of $98 compared with the reported share price of $91.18.

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,823 shares of the real estate investment trust's stock, valued at approximately $8,775,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Wealth Strategies LLC bought a new stake in shares of Ventas in the first quarter worth about $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Ventas during the third quarter worth about $27,000. IFC & Insurance Marketing Inc. bought a new position in shares of Ventas during the 4th quarter valued at about $30,000. Elyxium Wealth LLC bought a new position in shares of Ventas during the 4th quarter valued at about $33,000. Finally, Reflection Asset Management acquired a new position in shares of Ventas in the 4th quarter valued at approximately $34,000. 94.18% of the stock is currently owned by institutional investors.

Insider Activity at Ventas

In other Ventas news, Director Michael J. Embler acquired 2,500 shares of Ventas stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the purchase, the director directly owned 19,202 shares in the company, valued at approximately $1,513,309.62. This represents a 14.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

Ventas Price Performance

Shares of VTR opened at $91.18 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. Ventas, Inc. has a twelve month low of $66.38 and a twelve month high of $101.60. The stock has a market capitalization of $46.77 billion, a P/E ratio of 168.85, a P/E/G ratio of 2.11 and a beta of 0.69. The company has a 50 day moving average of $90.68 and a 200-day moving average of $86.72.

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

Wall Street Analyst Weigh In

Several brokerages have commented on VTR. JPMorgan Chase & Co. raised their target price on shares of Ventas from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Monday, May 11th. Scotiabank reduced 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. Citigroup increased their price objective on shares of Ventas from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. KeyCorp raised their price objective on shares of Ventas from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $98.00.

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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