Public Employees Retirement System of Ohio Invests $61.49 Million in Ventas, Inc. $VTR

Public Employees Retirement System of Ohio acquired a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 692,476 shares of the real estate investment trust’s stock, valued at approximately $61,492,000. Public Employees Retirement System of Ohio owned 0.13% of Ventas at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG raised its position in shares of Ventas by 0.7% during the fourth quarter. Deutsche Bank AG now owns 3,904,293 shares of the real estate investment trust’s stock valued at $302,114,000 after buying an additional 27,688 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ventas by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,868,962 shares of the real estate investment trust’s stock worth $222,000,000 after acquiring an additional 70,459 shares during the last quarter. Norges Bank purchased a new position in Ventas during the fourth quarter valued at $474,571,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Ventas by 7.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,346,111 shares of the real estate investment trust’s stock valued at $104,095,000 after acquiring an additional 92,236 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in Ventas by 5.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,851,968 shares of the real estate investment trust’s stock valued at $143,305,000 after acquiring an additional 101,370 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Activity at Ventas

In other news, Director Michael J. Embler purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on VTR shares. Mizuho increased their price objective on shares of Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Citigroup lifted their target price on Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. KeyCorp boosted their target price on Ventas from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Jefferies Financial Group increased their price target on Ventas from $97.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, UBS Group raised their price target on Ventas from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $98.00.

Ventas Stock Performance

NYSE VTR opened at $92.89 on Friday. The company has a market cap of $47.65 billion, a P/E ratio of 172.02, a P/E/G ratio of 2.15 and a beta of 0.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. The business’s 50 day moving average price is $92.22 and its 200-day moving average price is $87.54. Ventas, Inc. has a fifty-two week low of $66.38 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.Ventas’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Sell-side analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current year.

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.