OVERSEA CHINESE BANKING Corp Ltd Acquires New Position in Ventas, Inc. $VTR

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Ventas, Inc. (NYSE:VTR) in the second quarter, according to its most recent filing with the SEC. The firm bought 26,540 shares of the real estate investment trust’s stock, valued at approximately $2,357,000.

Other large investors also recently bought and sold shares of the company. Angeles Wealth Management LLC increased its stake in Ventas by 4.0% during the 1st quarter. Angeles Wealth Management LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 128 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Ventas by 3.2% in the fourth quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 137 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of 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 buying an additional 148 shares during the period. Parallel Advisors LLC lifted its stake in shares of Ventas by 4.6% during 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 during the period. Finally, Manchester Capital Management LLC grew its holdings in shares of Ventas by 60.5% during the fourth quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Embler purchased 2,500 shares of the business’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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Ventas Stock Up 1.1%

VTR stock opened at $92.82 on Friday. The firm’s fifty day simple moving average is $91.18 and its 200-day simple moving average is $87.04. The company has a market capitalization of $47.61 billion, a P/E ratio of 171.89, a price-to-earnings-growth ratio of 2.12 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. Ventas, Inc. has a 12 month low of $66.38 and a 12 month high of $101.60.

Ventas (NYSE:VTR) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, equities research analysts forecast that Ventas, Inc. will post 3.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Ventas from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price target on Ventas from $98.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Mizuho boosted their price target on Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup increased their price objective on Ventas from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, UBS Group raised their price objective on Ventas from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

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.