Pictet Asset Management Ltd. cut its position in shares of Ventas, Inc. (NYSE:VTR) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,507 shares of the real estate investment trust’s stock after selling 5,700 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.05% of Ventas worth $9,762,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of Ventas by 1,618.2% during the second quarter. Alps Advisors Inc. now owns 437,048 shares of the real estate investment trust’s stock worth $24,890,000 after buying an additional 411,612 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of Ventas by 140.9% during the second quarter. Vident Investment Advisory LLC now owns 22,742 shares of the real estate investment trust’s stock worth $1,295,000 after buying an additional 13,301 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Ventas by 43.5% during the second quarter. Russell Investments Group Ltd. now owns 454,991 shares of the real estate investment trust’s stock worth $25,970,000 after buying an additional 137,926 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Ventas by 19.2% during the second quarter. Toronto Dominion Bank now owns 229,043 shares of the real estate investment trust’s stock worth $13,041,000 after buying an additional 36,961 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Ventas by 1.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 135,214 shares of the real estate investment trust’s stock worth $7,700,000 after buying an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.
VTR opened at $65.47 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.00. Ventas, Inc. has a 52-week low of $46.55 and a 52-week high of $65.70. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 4.68 and a beta of 0.06.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The company had revenue of $936.54 million during the quarter, compared to the consensus estimate of $920.19 million. During the same period in the previous year, the firm earned $1.71 earnings per share. Ventas’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts predict that Ventas, Inc. will post 4.06 earnings per share for the current fiscal year.
In other Ventas news, EVP T Richard Riney sold 15,288 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $62.50, for a total transaction of $955,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.
A number of brokerages have recently commented on VTR. ValuEngine upgraded shares of Ventas from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Royal Bank of Canada downgraded shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price target for the company. in a report on Friday, November 2nd. JPMorgan Chase & Co. started coverage on shares of Ventas in a report on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 target price for the company. TheStreet downgraded shares of Ventas from a “b” rating to a “c+” rating in a report on Friday, October 26th. Finally, Stifel Nicolaus set a $55.00 target price on shares of Ventas and gave the company a “hold” rating in a report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $55.46.
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Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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