Pallas Capital Advisors LLC Buys Shares of 96,841 Ventas, Inc. $VTR

Pallas Capital Advisors LLC bought a new position in shares of Ventas, Inc. (NYSE:VTR) in the second quarter, HoldingsChannel reports. The firm bought 96,841 shares of the real estate investment trust’s stock, valued at approximately $8,599,000.

Several other institutional investors and hedge funds also recently modified their holdings of VTR. Deutsche Bank AG increased its position in 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 worth $302,114,000 after buying an additional 27,688 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Ventas by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,868,962 shares of the real estate investment trust’s stock valued at $222,000,000 after acquiring an additional 70,459 shares in the last quarter. Norges Bank purchased a new stake in shares of Ventas in the fourth quarter valued at $474,571,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Ventas by 5.8% during the fourth 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 Transactions at Ventas

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

Analyst Ratings Changes

Several research analysts recently weighed in on VTR shares. BMO Capital Markets boosted their target price on shares of Ventas from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Mizuho lifted their price target on shares of Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald boosted their price objective on shares of Ventas from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $100.00 price objective on shares of Ventas in a research note on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Ventas Stock Down 0.4%

Shares of NYSE:VTR opened at $91.18 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. The firm has a market cap of $46.77 billion, a price-to-earnings ratio of 168.85, a PEG ratio of 2.11 and a beta of 0.69. The stock’s 50-day moving average price is $90.68 and its two-hundred day moving average price is $86.72. Ventas, Inc. has a 12-month low of $66.38 and a 12-month high of $101.60.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, beating 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 company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, research analysts forecast that Ventas, Inc. will post 3.89 EPS for the current year.

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.