Today: Girard Partners LTD. Sold shares of Ventas Inc. (VTR)

Today: Girard Partners LTD. Sold shares of Ventas Inc. (VTR)

Girard Partners LTD. decreased its stake in shares of Ventas Inc. (NYSE:VTR) by 32.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,978 shares of the real estate investment trust’s stock after selling 1,462 shares during the period. Girard Partners LTD.’s holdings in Ventas were worth $210,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VTR. Vanguard Group Inc. increased its stake in Ventas by 3.0% in the second quarter. Vanguard Group Inc. now owns 47,121,460 shares of the real estate investment trust’s stock valued at $3,431,385,000 after buying an additional 1,388,990 shares in the last quarter. FMR LLC increased its stake in Ventas by 0.8% in the second quarter. FMR LLC now owns 19,342,806 shares of the real estate investment trust’s stock valued at $1,408,544,000 after buying an additional 149,224 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Ventas by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 13,250,853 shares of the real estate investment trust’s stock valued at $964,927,000 after buying an additional 120,258 shares in the last quarter. BlackRock Fund Advisors increased its stake in Ventas by 6.6% in the second quarter. BlackRock Fund Advisors now owns 11,848,718 shares of the real estate investment trust’s stock valued at $862,824,000 after buying an additional 731,760 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ventas by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 6,014,765 shares of the real estate investment trust’s stock valued at $424,823,000 after buying an additional 322,870 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Ventas Inc. (NYSE:VTR) traded up 0.02% during midday trading on Monday, hitting $60.25. 835,623 shares of the stock were exchanged. The company has a market cap of $21.34 billion, a PE ratio of 36.49 and a beta of 0.18. The stock has a 50 day moving average price of $64.18 and a 200-day moving average price of $69.12. Ventas Inc. has a 12 month low of $46.87 and a 12 month high of $76.80.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The firm earned $867.12 million during the quarter, compared to analysts’ expectations of $842.66 million. Ventas had a net margin of 16.61% and a return on equity of 5.76%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. On average, analysts predict that Ventas Inc. will post $4.12 EPS for the current year.

Several analysts have recently weighed in on VTR shares. Citigroup Inc. lifted their price target on shares of Ventas from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Jefferies Group raised shares of Ventas from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $75.00 in a report on Thursday, October 20th. Mizuho reissued a “buy” rating and set a $84.00 price objective (up from $82.00) on shares of Ventas in a report on Monday, August 1st. Hilliard Lyons raised shares of Ventas from an “underperform” rating to a “neutral” rating in a report on Friday, November 11th. Finally, BMO Capital Markets lowered shares of Ventas from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $65.00 to $55.00 in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Ventas presently has an average rating of “Hold” and a consensus target price of $64.50.

About Ventas

Ventas, Inc is a healthcare 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 MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.

Related posts

Leave a Comment