Paralel Advisors LLC Makes New Investment in Ventas, Inc. $VTR

Key Points

• Paralel Advisors LLC initiated a Ventas position in the second quarter, purchasing 29,900 shares valued at approximately $2.66 million. Institutional investors and hedge funds collectively own 94.18% of VTR.
• Analysts remain broadly positive, with 15 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $98, compared with a recent price of $92.82.
• Ventas beat quarterly expectations with adjusted EPS of $0.97 versus the $0.96 consensus and revenue of $1.73 billion, up 21.7% year over year.

Paralel Advisors LLC bought a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,900 shares of the real estate investment trust's stock, valued at approximately $2,655,000.

A number of other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew 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 in the last quarter. Empowered Funds LLC increased its stake in Ventas by 6.8% in the first quarter. Empowered Funds LLC now owns 8,373 shares of the real estate investment trust's stock valued at $576,000 after purchasing an additional 536 shares during the period. Woodline Partners LP raised its stake in Ventas by 46.8% during 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 acquiring an additional 11,739 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Ventas by 130.4% in the 1st quarter. Focus Partners Wealth now owns 21,613 shares of the real estate investment trust's stock worth $1,486,000 after acquiring an additional 12,233 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Ventas in the second quarter valued at about $805,000. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ventas

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

Wall Street Analyst Weigh In

Several brokerages have commented on VTR. Wells Fargo & Company boosted their target price 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. BMO Capital Markets boosted their price target on Ventas from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. The Goldman Sachs Group reissued a "buy" rating and set a $110.00 price objective on shares of Ventas in a research note on Tuesday, May 19th. Royal Bank Of Canada raised their price target on Ventas from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Finally, Scotiabank lowered their price objective on shares of Ventas from $95.00 to $88.00 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Ventas Price Performance

Shares of NYSE VTR opened at $92.82 on Friday. The company has a market capitalization of $47.61 billion, a price-to-earnings ratio of 171.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.69. Ventas, Inc. has a twelve month low of $66.38 and a twelve month high of $101.60. The business has a 50 day simple moving average of $91.18 and a 200-day simple moving average of $87.04. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. The business had revenue of $1.73 billion during 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 business's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, equities research analysts expect that Ventas, Inc. will post 3.89 earnings per share for the current year.

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.

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