Meiji Yasuda Asset Management Co Ltd. Takes Position in Ventas, Inc. $VTR

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,927 shares of the real estate investment trust’s stock, valued at approximately $704,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Ventas during the second quarter valued at about $4,953,439,000. Capital World Investors bought a new position in shares of Ventas in the fourth quarter worth about $594,116,000. Norges Bank bought a new position in shares of Ventas in the fourth quarter worth about $474,571,000. Deutsche Bank AG acquired a new position in shares of Ventas during the 2nd quarter worth about $451,822,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ventas by 32,509.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,648,776 shares of the real estate investment trust’s stock worth $359,722,000 after purchasing an additional 4,634,520 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ventas

In other news, Director Michael J. Embler bought 2,500 shares of Ventas stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $78.81 per share, with a total value of $197,025.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VTR. UBS Group raised their target price on Ventas from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings raised Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada increased their price objective on Ventas from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Citigroup boosted their target price on shares of Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald boosted their target price on shares of Ventas from $97.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.00.

Ventas Stock Up 0.4%

VTR stock opened at $93.84 on Wednesday. Ventas, Inc. has a twelve month low of $66.38 and a twelve month high of $101.60. The company has a market cap of $48.14 billion, a PE ratio of 173.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.69. The business’s 50-day simple moving average is $91.76 and its 200 day simple moving average is $87.38. 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 (NYSE:VTR) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, research analysts anticipate that Ventas, Inc. will post 3.89 earnings per share for the current year.

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.