Van ECK Associates Corp Acquires 30,535 Shares of Ventas, Inc. $VTR

Key Points

• VanECK increased its Ventas position by 10.2% in the second quarter, acquiring 30,535 shares for a total holding of 331,350 shares valued at approximately $29.4 million. Institutional investors collectively own 94.18% of Ventas.
• Ventas reported quarterly EPS of $0.97, topping estimates by $0.01, while revenue rose 21.7% year over year to $1.73 billion. A company director also purchased 2,500 shares at an average price of $78.81.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $98, above the stock’s reported opening price of $91.78.

Van ECK Associates Corp raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,350 shares of the real estate investment trust's stock after acquiring an additional 30,535 shares during the period. Van ECK Associates Corp owned about 0.06% of Ventas worth $29,424,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VTR. NewEdge Advisors LLC grew its position in Ventas by 856.1% during the 1st quarter. NewEdge Advisors LLC now owns 7,926 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 7,097 shares during the last quarter. Empowered Funds LLC grew 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 last quarter. Woodline Partners LP grew its holdings in shares of Ventas by 46.8% during the first quarter. Woodline Partners LP now owns 36,826 shares of the real estate investment trust's stock worth $2,532,000 after purchasing an additional 11,739 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Ventas by 130.4% in the first 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 period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Ventas in the second quarter valued at approximately $805,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Embler bought 2,500 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the completion of the purchase, the director directly owned 19,202 shares in the company, 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company's stock.

Ventas Price Performance

Shares of NYSE VTR opened at $91.78 on Monday. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 169.96, a PEG ratio of 2.11 and a beta of 0.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. Ventas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $101.60. The firm's 50-day simple moving average is $92.42 and its 200 day simple moving average is $87.61.

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 (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The business's revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. As a group, research analysts anticipate that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

VTR has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price target on Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Scotiabank decreased their target price on shares of Ventas from $95.00 to $88.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $100.00 price target on shares of Ventas in a research report on Tuesday, June 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $110.00 price objective on shares of Ventas in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group boosted their target price on shares of Ventas from $97.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $98.00.

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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