Ventas, Inc. $VTR Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Ventas stake by 72.2% in the second quarter, selling 536,068 shares and retaining 206,146 shares valued at approximately $18.3 million. Institutional investors collectively own 94.18% of Ventas.
• Ventas reported quarterly earnings of $0.97 per share, exceeding estimates by $0.01, while revenue reached $1.73 billion, up 21.7% year over year and above consensus expectations.
• Analysts maintain a generally favorable view, with 14 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $99 versus the stock’s reported $89.37 price.

Engineers Gate Manager LP lessened its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 72.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,146 shares of the real estate investment trust's stock after selling 536,068 shares during the period. Engineers Gate Manager LP's holdings in Ventas were worth $18,306,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Angeles Wealth Management LLC lifted its stake in Ventas by 3.3% during the second quarter. Angeles Wealth Management LLC now owns 3,439 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 110 shares during the last quarter. IHT Wealth Management LLC increased its stake in Ventas by 3.2% during the fourth quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust's stock valued at $343,000 after purchasing an additional 137 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Ventas by 1.2% during the first quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust's stock valued at $1,054,000 after purchasing an additional 148 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Ventas by 4.6% during the third quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 175 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in shares of Ventas by 60.5% during the fourth quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 94.18% of the company's stock.

Ventas Trading Down 0.6%

Shares of VTR stock opened at $89.37 on Thursday. Ventas, Inc. has a 1 year low of $66.54 and a 1 year high of $101.60. The firm has a market capitalization of $45.84 billion, a PE ratio of 165.49, a price-to-earnings-growth ratio of 3.51 and a beta of 0.70. The stock has a fifty day moving average of $92.98 and a two-hundred day moving average of $87.92. 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 (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 for the quarter, topping the consensus estimate of $0.96 by $0.01. The business 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 company's quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. As a group, research analysts expect that Ventas, Inc. will post 3.89 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on VTR. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $100.00 price target on shares of Ventas in a report on Tuesday, June 16th. Barclays increased their price objective on shares of Ventas from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Monday, August 31st. Weiss Ratings raised shares of Ventas from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, July 21st. BMO Capital Markets lifted their target price on Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $110.00 target price on shares of Ventas in a report on Tuesday, May 19th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $99.00.

Ventas Company 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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