NewEdge Wealth LLC Takes $3.11 Million Position in Ventas, Inc. $VTR

NewEdge Wealth LLC bought a new position in shares of Ventas, Inc. (NYSE:VTR) in the second quarter, Holdings Channel.com reports. The firm bought 35,056 shares of the real estate investment trust’s stock, valued at approximately $3,113,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VTR. BlackRock Inc. bought a new position in Ventas in the 2nd quarter worth approximately $4,953,439,000. Capital World Investors bought a new stake in Ventas during the 4th quarter valued at $594,116,000. Norges Bank purchased a new stake in shares of Ventas during the fourth quarter worth $474,571,000. Deutsche Bank AG bought a new position in shares of Ventas in the second quarter worth $451,822,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ventas by 32,509.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,648,776 shares of the real estate investment trust’s stock valued at $359,722,000 after purchasing an additional 4,634,520 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTR shares. JPMorgan Chase & Co. raised their price objective on shares of Ventas from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Cantor Fitzgerald increased their target price on shares of Ventas from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on shares of Ventas from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada boosted their price target on shares of Ventas from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Mizuho upped their price target on shares of Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Insider Activity

In other Ventas news, Director Michael J. Embler bought 2,500 shares of Ventas stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $78.81 per share, with a total value of $197,025.00. Following the acquisition, the director owned 19,202 shares in the company, valued at approximately $1,513,309.62. This trade represents a 14.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Ventas Price Performance

VTR opened at $92.82 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $47.61 billion, a P/E ratio of 171.89, a PEG ratio of 2.12 and a beta of 0.69. The stock has a 50-day moving average price of $91.18 and a 200-day moving average price of $87.04. Ventas, Inc. has a 12-month low of $66.38 and a 12-month high of $101.60.

Ventas (NYSE:VTR) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.87 EPS. Ventas’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Ventas Company 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.