New York State Common Retirement Fund lifted its position in Ventas, Inc. (NYSE:VTR) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 831,429 shares of the real estate investment trust’s stock after buying an additional 28,475 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Ventas worth $54,151,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Ventas by 1.8% in the second quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock worth $2,585,012,000 after buying an additional 671,502 shares in the last quarter. APG Asset Management US Inc. raised its stake in Ventas by 1.6% in the third quarter. APG Asset Management US Inc. now owns 14,517,063 shares of the real estate investment trust’s stock valued at $945,496,000 after purchasing an additional 228,800 shares in the last quarter. Federated Investors Inc. PA raised its stake in Ventas by 2.2% in the second quarter. Federated Investors Inc. PA now owns 6,422,802 shares of the real estate investment trust’s stock valued at $446,256,000 after purchasing an additional 136,293 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Ventas by 7.3% in the third quarter. Daiwa Securities Group Inc. now owns 5,247,318 shares of the real estate investment trust’s stock valued at $341,758,000 after purchasing an additional 357,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Ventas by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,924,127 shares of the real estate investment trust’s stock valued at $342,127,000 after purchasing an additional 138,624 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
VTR has been the topic of a number of recent analyst reports. Capital One Financial raised shares of Ventas from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 30th. BMO Capital Markets set a $62.00 target price on shares of Ventas and gave the company a “sell” rating in a research note on Friday, October 27th. KeyCorp reiterated a “sell” rating and set a $55.00 price target on shares of Ventas in a research report on Sunday, September 17th. BidaskClub cut shares of Ventas from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, UBS cut shares of Ventas from a “market perform” rating to an “underperform” rating in a research report on Monday. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.44.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. analysts forecast that Ventas, Inc. will post 4.16 earnings per share for the current year.
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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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