CIBC Asset Management Inc boosted its stake in Ventas, Inc. (NYSE:VTR) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,941 shares of the real estate investment trust’s stock after buying an additional 1,184 shares during the quarter. CIBC Asset Management Inc’s holdings in Ventas were worth $4,620,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Ventas by 102.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock valued at $280,817,000 after buying an additional 2,049,815 shares in the last quarter. Intl Fcstone Inc. purchased a new stake in Ventas in the 2nd quarter valued at approximately $691,000. Bradley Foster & Sargent Inc. CT lifted its stake in Ventas by 7.6% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,010 shares of the real estate investment trust’s stock valued at $3,058,000 after buying an additional 3,121 shares in the last quarter. Swiss National Bank lifted its stake in Ventas by 3.0% in the 2nd quarter. Swiss National Bank now owns 1,423,080 shares of the real estate investment trust’s stock valued at $98,876,000 after buying an additional 41,800 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its stake in Ventas by 1.6% in the 3rd quarter. Community Financial Services Group LLC now owns 108,563 shares of the real estate investment trust’s stock valued at $7,071,000 after buying an additional 1,718 shares in the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.
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Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. research analysts predict that Ventas, Inc. will post 4.15 earnings per share for the current year.
Several brokerages have weighed in on VTR. KeyCorp reiterated a “sell” rating and issued a $55.00 price target on shares of Ventas in a report on Sunday, September 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Bank of America Corporation downgraded Ventas from a “buy” rating to a “neutral” rating and cut their price target for the company from $72.00 to $71.00 in a report on Friday, September 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Finally, BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.20.
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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