Bank of New York Mellon Corp reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,971,735 shares of the real estate investment trust’s stock after selling 82,019 shares during the period. Bank of New York Mellon Corp owned 1.40% of Ventas worth $323,810,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Sigma Planning Corp raised its position in Ventas by 35.3% during the 3rd quarter. Sigma Planning Corp now owns 21,471 shares of the real estate investment trust’s stock worth $1,398,000 after purchasing an additional 5,598 shares during the last quarter. Teacher Retirement System of Texas raised its position in Ventas by 29.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 4,826 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 1,097 shares during the last quarter. Advisor Group Inc. grew its holdings in Ventas by 3.5% during the 3rd quarter. Advisor Group Inc. now owns 76,800 shares of the real estate investment trust’s stock worth $5,002,000 after acquiring an additional 2,587 shares during the period. Toronto Dominion Bank grew its holdings in Ventas by 12.3% during the 3rd quarter. Toronto Dominion Bank now owns 135,122 shares of the real estate investment trust’s stock worth $8,799,000 after acquiring an additional 14,829 shares during the period. Finally, QCI Asset Management Inc. NY grew its holdings in Ventas by 1.4% during the 3rd quarter. QCI Asset Management Inc. NY now owns 196,747 shares of the real estate investment trust’s stock worth $12,814,000 after acquiring an additional 2,707 shares during the period. 88.94% of the stock is owned by institutional investors and hedge funds.
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Ventas, Inc. (NYSE:VTR) traded up $0.13 during trading on Friday, hitting $64.51. 1,656,700 shares of the company’s stock traded hands, compared to its average volume of 1,721,063. Ventas, Inc. has a 1 year low of $57.97 and a 1 year high of $72.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $23,040.00, a PE ratio of 15.44, a P/E/G ratio of 4.15 and a beta of 0.09.
Ventas (NYSE:VTR) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm had revenue of $899.90 million for the quarter, compared to the consensus estimate of $893.18 million. During the same period in the prior year, the business earned $1.03 EPS. Ventas’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts expect that Ventas, Inc. will post 4.16 EPS for the current fiscal year.
A number of brokerages have weighed in on VTR. BidaskClub downgraded Ventas from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded Ventas from a “hold” rating to a “sell” rating in a report on Wednesday. UBS AG decreased their price target on Ventas from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. SunTrust Banks, Inc. set a $67.00 price target on Ventas and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, BMO Capital Markets restated a “sell” rating and issued a $62.00 target price on shares of Ventas in a research note on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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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