Ventas, Inc. $VTR Shares Bought by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Ventas position by 39.8% in the second quarter, adding 64,687 shares to own 227,174 shares valued at approximately $20.2 million. Institutional investors and hedge funds collectively own 94.18% of Ventas.
• Analysts maintain a favorable outlook, with 14 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $99, above the reported share price of $90.10.
• Ventas exceeded quarterly expectations, reporting adjusted EPS of $0.97 versus the $0.96 consensus and revenue of $1.73 billion versus $1.68 billion estimates; revenue rose 21.7% year over year.

Baird Financial Group Inc. lifted its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 39.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 227,174 shares of the real estate investment trust's stock after acquiring an additional 64,687 shares during the period. Baird Financial Group Inc.'s holdings in Ventas were worth $20,173,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Arizona State Retirement System grew its holdings in Ventas by 6.8% in the 2nd quarter. Arizona State Retirement System now owns 136,321 shares of the real estate investment trust's stock worth $12,105,000 after buying an additional 8,670 shares in the last quarter. Nykredit A S bought a new position in Ventas in the 2nd quarter valued at about $11,698,000. Parkside Financial Bank & Trust grew its position in Ventas by 23.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,981 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 380 shares in the last quarter. Corient Private Wealth LP increased its stake in Ventas by 114.8% during the 2nd quarter. Corient Private Wealth LP now owns 170,259 shares of the real estate investment trust's stock valued at $15,126,000 after buying an additional 91,003 shares during the period. Finally, Amundi increased its stake in Ventas by 7.3% during the 2nd quarter. Amundi now owns 1,782,345 shares of the real estate investment trust's stock valued at $158,272,000 after buying an additional 121,816 shares during the period. Institutional investors and hedge funds own 94.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VTR shares. Royal Bank Of Canada raised their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Scotiabank lifted their price target on Ventas from $93.00 to $95.00 and gave the company a "sector perform" rating in a research report on Wednesday, September 2nd. BMO Capital Markets boosted their price objective on Ventas from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Mizuho boosted their price objective on Ventas from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $110.00 target price on shares of Ventas in a research note on Tuesday, May 19th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $99.00.

Ventas Stock Down 0.4%

Ventas stock opened at $90.10 on Friday. The firm has a market cap of $46.22 billion, a PE ratio of 166.85, a P/E/G ratio of 3.53 and a beta of 0.70. 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 firm's 50 day moving average price is $92.89 and its two-hundred day moving average price is $87.97. Ventas, Inc. has a twelve month low of $66.54 and a twelve month high of $101.60.

Ventas (NYSE:VTR - Get Free Report) last issued its earnings results 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 company 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 company's revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. On average, research analysts predict that Ventas, Inc. will post 3.89 EPS for the current fiscal year.

Ventas Profile

Ventas, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of healthcare and senior living properties. Its real estate platform includes senior housing communities, medical office buildings, life science and innovation centers, and other healthcare-related facilities.

The company generally leases or operates its properties through relationships with healthcare providers, senior living operators, universities, and research institutions. Its properties support services such as independent and assisted living, skilled nursing, outpatient care, physician practices, medical research, and biotechnology development.

Ventas serves major healthcare and life science markets in the United States and Canada.

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