Paralel Advisors LLC Invests $2.65 Million in Ventas, Inc. $VTR

Paralel Advisors LLC bought a new stake in shares of Ventas, Inc. (NYSE:VTR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 29,900 shares of the real estate investment trust’s stock, valued at approximately $2,655,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Angeles Wealth Management LLC grew its position in Ventas by 4.0% in the first quarter. Angeles Wealth Management LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 128 shares during the period. IHT Wealth Management LLC raised its position in Ventas by 3.2% in the 4th quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 137 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Ventas by 1.2% during the first quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock valued at $1,054,000 after acquiring an additional 148 shares during the period. Parallel Advisors LLC boosted its stake in shares of Ventas by 4.6% in the 3rd quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 175 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in Ventas by 60.5% in the fourth quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 185 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael J. Embler acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $78.81 per share, with a total value of $197,025.00. Following the transaction, the director directly owned 19,202 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VTR. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ventas in a research note on Tuesday, May 19th. Scotiabank decreased their price target on shares of Ventas from $95.00 to $88.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Barclays initiated coverage on Ventas in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $99.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price on shares of Ventas in a report on Tuesday, June 16th. Finally, Mizuho raised their price objective on Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ventas has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Ventas Stock Performance

Ventas stock opened at $92.82 on Friday. The business’s 50-day moving average price is $91.18 and its two-hundred day moving average price is $87.04. The stock has a market cap of $47.61 billion, a PE ratio of 171.89, a P/E/G ratio of 2.12 and a beta of 0.69. Ventas, Inc. has a 12-month low of $66.38 and a 12-month high of $101.60. 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 (NYSE:VTR) last announced its quarterly earnings results 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 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 analyst estimates of $1.68 billion. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, analysts expect that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

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.