Steward Partners Investment Advisory LLC purchased a new position in Ventas, Inc. (NYSE:VTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,685 shares of the real estate investment trust’s stock, valued at approximately $251,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cornerstone Advisors Inc. lifted its holdings in shares of Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of Ventas during the first quarter worth about $26,000. Gradient Investments LLC lifted its holdings in shares of Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 393 shares during the period. Heritage Wealth Advisors lifted its holdings in shares of Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of Ventas during the first quarter worth about $32,000. 84.18% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on VTR shares. Citigroup raised Ventas from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $76.00 in a report on Wednesday, June 19th. Royal Bank of Canada lifted their target price on Ventas to $71.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Raymond James raised Ventas from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $73.00 target price on shares of Ventas in a report on Monday, July 29th. Finally, ValuEngine downgraded Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.59.
Shares of NYSE:VTR opened at $71.29 on Wednesday. Ventas, Inc. has a 12-month low of $51.80 and a 12-month high of $73.74. The firm has a market capitalization of $26.36 billion, a P/E ratio of 17.52, a PEG ratio of 5.89 and a beta of 0.27. The firm has a 50 day moving average of $68.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The company had revenue of $950.70 million during the quarter, compared to analyst estimates of $931.16 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Ventas, Inc. will post 3.83 EPS for the current year.
Ventas Company Profile
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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