Wellington Management Group LLP Raises Stock Holdings in Ventas, Inc. $VTR

Wellington Management Group LLP raised its stake in shares of Ventas, Inc. (NYSE:VTR) by 83.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 660,310 shares of the real estate investment trust’s stock after acquiring an additional 300,920 shares during the period. Wellington Management Group LLP’s holdings in Ventas were worth $58,636,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new position in shares of Ventas during the second quarter valued at approximately $339,000. Beacon Pointe Advisors LLC bought a new stake in Ventas in the 2nd quarter worth approximately $1,712,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Ventas in the 2nd quarter worth approximately $418,000. Rakuten Investment Management Inc. purchased a new stake in Ventas during the 2nd quarter valued at $7,046,000. Finally, Glenview Trust Co purchased a new stake in Ventas during the 2nd quarter valued at $675,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Stock Up 0.1%

VTR stock opened at $92.14 on Friday. The business’s 50-day moving average price is $92.92 and its 200-day moving average price is $87.80. The stock has a market cap of $47.26 billion, a P/E ratio of 170.63, a PEG ratio of 3.59 and a beta of 0.70. 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, Inc. has a twelve month low of $66.38 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Ventas, Inc. will post 3.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on Ventas from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Monday. Mizuho increased their target price on Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 target price on shares of Ventas in a research report on Tuesday, May 19th. Scotiabank boosted their price target on Ventas from $93.00 to $95.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 price target on shares of Ventas in a research report on Tuesday, June 16th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.00.

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.