Readystate Asset Management LP Buys New Position in Ventas, Inc. $VTR

Readystate Asset Management LP bought a new stake in Ventas, Inc. (NYSE:VTR) during the second quarter, Holdings Channel.com reports. The fund bought 20,433 shares of the real estate investment trust’s stock, valued at approximately $1,814,000.

Several other hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of Ventas by 856.1% in the 1st quarter. NewEdge Advisors LLC now owns 7,926 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 7,097 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ventas by 6.8% during the 1st quarter. Empowered Funds LLC now owns 8,373 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 536 shares during the last quarter. Woodline Partners LP lifted 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 worth $2,532,000 after acquiring an additional 11,739 shares during the last quarter. Focus Partners Wealth grew its position in Ventas by 130.4% in the first quarter. Focus Partners Wealth now owns 21,613 shares of the real estate investment trust’s stock worth $1,486,000 after acquiring an additional 12,233 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Ventas in the second quarter worth $805,000. 94.18% of the stock is currently owned by institutional investors.

Ventas Stock Performance

Ventas stock opened at $90.27 on Tuesday. The firm has a fifty day simple moving average of $92.96 and a two-hundred day simple moving average of $87.86. 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. The company has a market capitalization of $46.30 billion, a PE ratio of 167.17, a P/E/G ratio of 3.52 and a beta of 0.70.

Ventas (NYSE:VTR) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Research analysts expect that Ventas, Inc. will post 3.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $110.00 price target on shares of Ventas in a research report on Tuesday, May 19th. Royal Bank Of Canada upped their price objective on Ventas from $98.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Jefferies Financial Group increased their price objective on Ventas from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Raymond James Financial started coverage on Ventas in a report on Tuesday, June 16th. They set an “outperform” rating and a $94.00 price objective on the stock. Finally, Barclays upped their target price on Ventas from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Monday, August 31st. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Ventas Company 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.