Fox Run Management L.L.C. Acquires Shares of 23,712 Ventas, Inc. (NYSE:VTR)

Key Points

• Fox Run Management L.L.C. acquired 23,712 shares of Ventas, Inc. (NYSE:VTR), valued at approximately $1,630,000, during the first quarter of the year.
• Ventas reported quarterly earnings of $0.87 per share, surpassing analysts' estimates and showing an 18.3% increase in revenue year-over-year.
• The firm has been targeted by various analysts, with Royal Bank Of Canada raising the price target from $74.00 to $75.00, while maintaining an "outperform" rating.

Fox Run Management L.L.C. acquired a new stake in Ventas, Inc. (NYSE:VTR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 23,712 shares of the real estate investment trust's stock, valued at approximately $1,630,000.

A number of other large investors also recently made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in Ventas in the 1st quarter worth about $25,000. Larson Financial Group LLC lifted its position in Ventas by 1,334.6% during the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 347 shares during the period. Franchise Capital Ltd bought a new stake in shares of Ventas during the 1st quarter valued at $32,000. Rossby Financial LCC purchased a new position in shares of Ventas during the 1st quarter worth about $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ventas during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Insider Buying and Selling

In related news, EVP Carey S. Roberts sold 23,500 shares of Ventas stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $64.23, for a total value of $1,509,405.00. Following the transaction, the executive vice president directly owned 116,650 shares of the company's stock, valued at $7,492,429.50. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Probst sold 168,318 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the transaction, the chief financial officer directly owned 168,364 shares in the company, valued at $11,004,271.04. This represents a 49.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,932 shares of company stock worth $24,716,734. Company insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VTR shares. Royal Bank Of Canada raised their price objective on shares of Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised Ventas from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $70.00 to $72.00 in a research note on Monday, June 23rd. Scotiabank boosted their price target on Ventas from $71.00 to $72.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. Morgan Stanley increased their price target on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Wall Street Zen lowered Ventas from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.40.

Ventas Stock Up 0.3%

Shares of NYSE VTR traded up $0.23 during trading on Friday, reaching $67.76. 3,265,003 shares of the stock were exchanged, compared to its average volume of 2,625,225. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a twelve month low of $56.68 and a twelve month high of $71.36. The business's 50-day moving average price is $65.15 and its 200 day moving average price is $65.67. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 157.58, a price-to-earnings-growth ratio of 2.44 and a beta of 0.87.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The company's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, equities analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Profile

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.