Raiffeisen Bank International AG boosted its holdings in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 4,071.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,470 shares of the real estate investment trust’s stock after purchasing an additional 10,219 shares during the period. Raiffeisen Bank International AG’s holdings in Ventas were worth $935,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Syon Capital LLC grew its stake in shares of Ventas by 17.0% in the 2nd quarter. Syon Capital LLC now owns 6,420 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 932 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Ventas by 13.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 41,798 shares of the real estate investment trust’s stock worth $3,748,000 after purchasing an additional 5,010 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Ventas by 737.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 30,577 shares of the real estate investment trust’s stock valued at $2,715,000 after purchasing an additional 26,925 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Ventas by 16.0% in the second quarter. NEOS Investment Management LLC now owns 174,633 shares of the real estate investment trust’s stock worth $15,507,000 after buying an additional 24,150 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Ventas during the second quarter valued at approximately $11,698,000. 94.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VTR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Ventas from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Cantor Fitzgerald increased their price objective 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. Weiss Ratings upgraded Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Barclays upped their price target on Ventas from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Monday, August 31st. Finally, BMO Capital Markets lifted 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. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.00.
Ventas Stock Down 2.0%
Shares of NYSE VTR opened at $90.27 on Friday. Ventas, Inc. has a 12-month low of $66.38 and a 12-month high of $101.60. The stock’s fifty day simple moving average is $92.94 and its two-hundred day simple moving average is $87.82. 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 $46.30 billion, a PE ratio of 167.17, a price-to-earnings-growth ratio of 3.52 and a beta of 0.70.
Ventas (NYSE:VTR – Get Free Report) last issued its quarterly 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 business had revenue of $1.73 billion for 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%. Ventas’s revenue for the quarter 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, analysts expect that Ventas, Inc. will post 3.89 EPS for the current fiscal year.
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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