Public Employees Retirement System of Ohio Makes New Investment in Ventas, Inc. $VTR

Public Employees Retirement System of Ohio bought a new stake in shares of Ventas, Inc. (NYSE:VTR) in the second quarter, HoldingsChannel reports. The institutional investor bought 692,476 shares of the real estate investment trust’s stock, valued at approximately $61,492,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VTR. BlackRock Inc. bought a new position in Ventas during the 2nd quarter worth about $4,953,439,000. State Street Corp raised its holdings in shares of Ventas by 2.5% in the 4th quarter. State Street Corp now owns 29,662,635 shares of the real estate investment trust’s stock valued at $2,309,234,000 after purchasing an additional 735,620 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ventas by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 12,988,943 shares of the real estate investment trust’s stock worth $1,001,447,000 after purchasing an additional 475,633 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Ventas by 27.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,176,254 shares of the real estate investment trust’s stock worth $710,060,000 after purchasing an additional 2,000,341 shares during the period. Finally, Capital World Investors bought a new position in shares of Ventas during the fourth quarter valued at approximately $594,116,000. Institutional investors own 94.18% of the company’s stock.

Ventas Stock Down 0.6%

VTR stock opened at $92.89 on Friday. The company has a quick ratio of 0.44, a current 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. The stock has a market capitalization of $47.65 billion, a PE ratio of 172.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.69. The firm has a 50 day moving average of $92.22 and a 200 day moving average of $87.54.

Ventas (NYSE:VTR) last announced its quarterly earnings data 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. 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 analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Ventas, Inc. will post 3.89 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael J. Embler purchased 2,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average price of $78.81 per share, for a total transaction of $197,025.00. Following the purchase, the director owned 19,202 shares in the company, valued at $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. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

VTR has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 price objective on shares of Ventas in a research note on Tuesday, May 19th. Barclays assumed coverage on Ventas in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $99.00 target price on the stock. Raymond James Financial assumed coverage on Ventas in a report on Tuesday, June 16th. They issued an “outperform” rating and a $94.00 price target on the stock. Mizuho upped their price objective on Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 price objective on shares of Ventas in a research note on Tuesday, June 16th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.