Glenview Trust Co Invests $675,000 in Ventas, Inc. $VTR

Glenview Trust Co purchased a new stake in Ventas, Inc. (NYSE:VTR) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,601 shares of the real estate investment trust’s stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Ventas during the 2nd quarter worth $4,953,439,000. State Street Corp lifted its position in shares of Ventas by 2.5% during the fourth 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 boosted its holdings in Ventas by 3.8% during the fourth 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 last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ventas by 27.9% during the fourth 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 last quarter. Finally, Capital World Investors bought a new stake in Ventas in the 4th quarter worth about $594,116,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ventas

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

Ventas Price Performance

VTR stock opened at $91.78 on Friday. The company has a market cap of $47.08 billion, a P/E ratio of 169.96, a PEG ratio of 2.14 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. The firm has a 50-day moving average of $92.42 and a 200 day moving average of $87.57. Ventas, Inc. has a 1 year low of $66.38 and a 1 year 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 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. On average, sell-side analysts forecast that Ventas, Inc. will post 3.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 price target on shares of Ventas in a research report on Tuesday, June 16th. KeyCorp upped their price objective on shares of Ventas from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Ventas from $98.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Ventas has a consensus rating of “Moderate Buy” and an average price target of $98.00.

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.