PCM Encore LLC Acquires New Position in Ventas, Inc. $VTR

PCM Encore LLC acquired a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,425 shares of the real estate investment trust’s stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in Ventas by 0.7% during the 4th quarter. Deutsche Bank AG now owns 3,904,293 shares of the real estate investment trust’s stock valued at $302,114,000 after acquiring an additional 27,688 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Ventas by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,868,962 shares of the real estate investment trust’s stock worth $222,000,000 after acquiring an additional 70,459 shares in the last quarter. Norges Bank bought a new position in shares of Ventas in the fourth quarter worth $474,571,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ventas by 7.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,346,111 shares of the real estate investment trust’s stock worth $104,095,000 after acquiring an additional 92,236 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of Ventas by 5.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,851,968 shares of the real estate investment trust’s stock valued at $143,305,000 after purchasing an additional 101,370 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

Insider Buying and Selling

In other Ventas news, Director Michael J. Embler bought 2,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the purchase, the director directly 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 Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Ventas Stock Up 1.1%

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

Ventas (NYSE:VTR) last released its quarterly earnings results 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. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. Equities research analysts expect that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VTR shares. BMO Capital Markets boosted their price objective on Ventas from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Mizuho raised their target price on Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Scotiabank reduced their target price on Ventas from $95.00 to $88.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Evercore reaffirmed an “outperform” rating and set a $95.00 target price on shares of Ventas in a report on Wednesday, April 29th. Finally, Cantor Fitzgerald upped their price target on Ventas from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ventas presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Ventas 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.