Deutsche Bank AG purchased a new stake in Ventas, Inc. (NYSE:VTR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,088,082 shares of the real estate investment trust’s stock, valued at approximately $451,822,000. Deutsche Bank AG owned 0.99% of Ventas as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VTR. Angeles Wealth Management LLC lifted its holdings in shares of Ventas by 4.0% in the first quarter. Angeles Wealth Management LLC now owns 3,329 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 128 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Ventas by 3.2% during the 4th quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 137 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Ventas by 1.2% during the first quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 148 shares during the last quarter. Parallel Advisors LLC boosted its stake in Ventas by 4.6% in the third quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 175 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Ventas by 60.5% in the 4th quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 185 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.
Insider Transactions at Ventas
In other news, Director Michael J. Embler bought 2,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were bought 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 approximately $1,513,309.62. The trade was a 14.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
Ventas Stock Down 0.4%
Ventas (NYSE:VTR – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $1.73 billion during 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%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. As a group, sell-side analysts predict that Ventas, Inc. will post 3.89 EPS for the current year.
Analysts Set New Price Targets
VTR has been the subject of several analyst reports. Jefferies Financial Group increased their target price on Ventas from $97.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Citigroup boosted their target price on shares of Ventas from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Mizuho upped their price target on Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.
Read Our Latest Stock Analysis on Ventas
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.
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