Hanson & Doremus Investment Management lowered its position in Ventas, Inc. (NYSE:VTR) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,548 shares of the real estate investment trust’s stock after selling 935 shares during the period. Ventas makes up about 0.9% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 21st biggest position. Hanson & Doremus Investment Management’s holdings in Ventas were worth $2,706,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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. 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. Bank of Nova Scotia lifted its stake in Ventas by 921.5% in the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock valued at $5,274,000 after buying an additional 73,159 shares in the last quarter. TNB Financial lifted its stake in Ventas by 3.2% in the 2nd quarter. TNB Financial now owns 35,175 shares of the real estate investment trust’s stock valued at $2,444,000 after buying an additional 1,081 shares in the last quarter. Finally, 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. Institutional investors and hedge funds own 89.18% of the company’s stock.
Shares of Ventas, Inc. (VTR) traded up 0.56% on Monday, hitting $62.85. The company’s stock had a trading volume of 329,495 shares. The company has a market cap of $22.38 billion, a price-to-earnings ratio of 31.84 and a beta of 0.09. The stock’s 50 day moving average is $65.01 and its 200-day moving average is $66.51. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $72.36.
Ventas (NYSE:VTR) last posted 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). Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm had revenue of $899.90 million during the quarter, compared to analyst estimates of $893.18 million. During the same period in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Ventas, Inc. will post $1.86 earnings per share for the current year.
A number of equities research analysts recently issued reports on VTR shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Capital One Financial Corporation started coverage on Ventas in a research note on Monday, September 25th. They issued an “equal weight” rating and a $69.00 target price on the stock. SunTrust Banks, Inc. set a $67.00 target price on Ventas and gave the company a “hold” rating in a research note on Sunday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of Ventas in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.20.
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Ventas Company Profile
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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