Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Shares in Ventas, Inc. $VTR

Key Points

• Mitsubishi UFJ Asset Management acquired 1.58 million Ventas shares worth approximately $140.4 million, representing a 0.31% stake. Institutional investors collectively own 94.18% of the healthcare REIT.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and average price target of $98.
• Ventas reported quarterly EPS of $0.97, slightly above estimates, while revenue reached $1.73 billion, up 21.7% year over year. Shares opened at $91.24, near the consensus target.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake 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. The fund bought 1,581,541 shares of the real estate investment trust's stock, valued at approximately $140,441,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.31% of Ventas at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VTR. OneDigital Investment Advisors LLC bought a new stake in shares of Ventas during the 2nd quarter valued at $446,000. Plato Investment Management Ltd purchased a new position in Ventas during the 2nd quarter valued at about $538,000. Roman Butler Fullerton & Co. bought a new stake in shares of Ventas during the second quarter valued at about $450,000. Simplicity Wealth LLC purchased a new stake in shares of Ventas in the second quarter worth about $401,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ventas in the second quarter worth about $8,775,000. 94.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VTR has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Ventas from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price target on shares of Ventas from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $100.00 price objective on shares of Ventas in a research report on Tuesday, June 16th. UBS Group lifted their price objective on Ventas from $85.00 to $93.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. Finally, Scotiabank reduced their target price on Ventas from $95.00 to $88.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $98.00.

Ventas Price Performance

Shares of NYSE:VTR opened at $91.24 on Wednesday. The company's fifty day moving average price is $90.86 and its 200-day moving average price is $86.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $46.80 billion, a price-to-earnings ratio of 168.96, a PEG ratio of 2.11 and a beta of 0.69. Ventas, Inc. has a one year low of $66.38 and a one year high of $101.60.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. On average, equities research analysts anticipate that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Insider Transactions at Ventas

In other news, Director Michael J. Embler acquired 2,500 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the acquisition, the director owned 19,202 shares of the company's stock, valued at $1,513,309.62. This trade represents a 14.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by company insiders.

About Ventas

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source