Fairtree Asset Management Pty Ltd Makes New Investment in Ventas, Inc. $VTR

Fairtree Asset Management Pty Ltd acquired a new stake in shares of Ventas, Inc. (NYSE:VTR) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 10,719 shares of the real estate investment trust’s stock, valued at approximately $952,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in Ventas by 856.1% during the first quarter. NewEdge Advisors LLC now owns 7,926 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 7,097 shares in the last quarter. Empowered Funds LLC lifted its stake in Ventas by 6.8% in the 1st quarter. Empowered Funds LLC now owns 8,373 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 536 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Ventas by 46.8% during the 1st quarter. Woodline Partners LP now owns 36,826 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 11,739 shares during the last quarter. Focus Partners Wealth grew its position in shares of Ventas by 130.4% during the first quarter. Focus Partners Wealth now owns 21,613 shares of the real estate investment trust’s stock valued at $1,486,000 after purchasing an additional 12,233 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Ventas during the second quarter valued at about $805,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Ventas Price Performance

NYSE:VTR opened at $92.82 on Friday. The firm has a market capitalization of $47.61 billion, a price-to-earnings ratio of 171.89, a PEG 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. The business has a 50 day simple moving average of $91.18 and a 200-day simple moving average of $87.04. Ventas, Inc. has a 1 year low of $66.38 and a 1 year high of $101.60.

Ventas (NYSE:VTR) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share 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 for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts forecast that Ventas, Inc. will post 3.89 EPS for the current year.

Wall Street Analysts Forecast Growth

VTR has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on Ventas in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $94.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Ventas from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, May 11th. KeyCorp lifted their price objective on Ventas from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 price objective on shares of Ventas in a report on Tuesday, May 19th. Finally, Evercore reissued an “outperform” rating and issued a $95.00 target price on shares of Ventas in a report on Wednesday, April 29th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.