Oxbow Advisors LLC Acquires Shares of 19,733 Ventas, Inc. $VTR

Key Points

• Oxbow Advisors LLC acquired 19,733 Ventas shares in the second quarter, valued at approximately $1.75 million. Institutional investors collectively own 94.18% of Ventas stock.
• Analyst sentiment is favorable, with 15 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $98, above the reported $91.24 share price.
• Ventas exceeded quarterly expectations, reporting $0.97 earnings per share and $1.73 billion in revenue; revenue increased 21.7% year over year.

Oxbow Advisors LLC acquired a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 19,733 shares of the real estate investment trust's stock, valued at approximately $1,752,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of Ventas by 856.1% during the first quarter. NewEdge Advisors LLC now owns 7,926 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 7,097 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ventas by 6.8% during the first quarter. Empowered Funds LLC now owns 8,373 shares of the real estate investment trust's stock worth $576,000 after purchasing an additional 536 shares during the period. Woodline Partners LP grew its position in Ventas by 46.8% in the 1st quarter. Woodline Partners LP now owns 36,826 shares of the real estate investment trust's stock valued at $2,532,000 after buying an additional 11,739 shares during the last quarter. Focus Partners Wealth grew its position in Ventas by 130.4% in the 1st quarter. Focus Partners Wealth now owns 21,613 shares of the real estate investment trust's stock valued at $1,486,000 after buying an additional 12,233 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Ventas in the 2nd quarter valued at $805,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ventas

In other Ventas news, Director Michael J. Embler acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $78.81 per share, with a total value of $197,025.00. Following the purchase, the director owned 19,202 shares in the company, valued at approximately $1,513,309.62. The trade was a 14.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VTR. Wells Fargo & Company upped their price objective on shares of Ventas from $93.00 to $96.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Ventas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 21st. Raymond James Financial began coverage on shares of Ventas in a report on Tuesday, June 16th. They set an "outperform" rating and a $94.00 price target for the company. BMO Capital Markets raised their price objective on shares of Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, Citigroup lifted their price objective on Ventas from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Ventas Stock Performance

Shares of VTR stock opened at $91.24 on Wednesday. The stock has a fifty day moving average price of $90.86 and a 200 day moving average price of $86.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $46.80 billion, a PE ratio of 168.96, a P/E/G ratio of 2.11 and a beta of 0.69. Ventas, Inc. has a 1 year low of $66.38 and a 1 year high of $101.60.

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 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. Ventas's revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

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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