Oppenheimer Asset Management Inc. Invests $698,000 in Ventas, Inc. $VTR

Oppenheimer Asset Management Inc. bought a new stake in Ventas, Inc. (NYSE:VTR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,859 shares of the real estate investment trust’s stock, valued at approximately $698,000.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Ventas by 856.1% during the first quarter. NewEdge Advisors LLC now owns 7,926 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 7,097 shares in the last quarter. Empowered Funds LLC boosted its holdings in Ventas by 6.8% in the first quarter. Empowered Funds LLC now owns 8,373 shares of the real estate investment trust’s stock valued at $576,000 after purchasing an additional 536 shares during the last quarter. Woodline Partners LP grew its stake in Ventas by 46.8% during the 1st quarter. Woodline Partners LP now owns 36,826 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 11,739 shares in the last quarter. Focus Partners Wealth grew its stake in Ventas by 130.4% during the 1st quarter. Focus Partners Wealth now owns 21,613 shares of the real estate investment trust’s stock valued at $1,486,000 after purchasing an additional 12,233 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in Ventas during the 2nd quarter worth approximately $805,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on Ventas from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Barclays began coverage on shares of Ventas in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $99.00 price target for the company. KeyCorp upped their price target on shares of Ventas from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Mizuho raised their price objective on shares of Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 target price on shares of Ventas in a research report on Tuesday, May 19th. Fifteen 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Ventas Price Performance

Shares of VTR opened at $91.18 on Tuesday. The firm has a market cap of $46.77 billion, a price-to-earnings ratio of 168.85, a PEG ratio of 2.11 and a beta of 0.69. The stock has a 50 day moving average of $90.68 and a 200-day moving average of $86.72. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. Ventas, Inc. has a 52 week low of $66.38 and a 52 week high of $101.60.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 1.99% and a net margin of 4.08%.The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. As a group, analysts forecast that Ventas, Inc. will post 3.89 EPS for the current year.

Insiders Place Their Bets

In other Ventas news, Director Michael J. Embler bought 2,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $78.81 per share, with a total value of $197,025.00. Following the completion of the acquisition, the director owned 19,202 shares of the company’s stock, valued at approximately $1,513,309.62. This trade represents a 14.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

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.