Ventas Inc. (VTR) Position Increased by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. increased its position in shares of Ventas Inc. (NYSE:VTR) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,975 shares of the real estate investment trust’s stock after buying an additional 4,338 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Ventas worth $20,763,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC raised its position in Ventas by 48.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,542 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares during the period. Acadian Asset Management LLC raised its position in Ventas by 33.6% in the second quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 474 shares during the period. Washington Trust Bank raised its position in Ventas by 12.7% in the second quarter. Washington Trust Bank now owns 2,048 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 230 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in Ventas during the second quarter valued at about $160,000. Finally, Thompson Davis & CO. Inc. raised its position in Ventas by 2,819.0% in the second quarter. Thompson Davis & CO. Inc. now owns 2,452 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 2,368 shares during the period. 89.16% of the stock is owned by institutional investors and hedge funds.
Shares of Ventas Inc. (NYSE:VTR) traded up 0.55% during mid-day trading on Friday, hitting $59.90. 2,096,384 shares of the company traded hands. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 36.28 and a beta of 0.18. The firm has a 50-day moving average of $66.90 and a 200-day moving average of $69.32. Ventas Inc. has a one year low of $46.87 and a one year high of $76.80.
Ventas (NYSE:VTR) last announced its earnings results on Friday, October 28th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company earned $867.12 million during the quarter, compared to the consensus estimate of $842.66 million. Ventas had a net margin of 16.61% and a return on equity of 5.76%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. On average, equities analysts predict that Ventas Inc. will post $4.12 earnings per share for the current year.
VTR has been the subject of several recent analyst reports. BTIG Research started coverage on shares of Ventas in a report on Thursday, August 25th. They set a “neutral” rating for the company. Jefferies Group raised shares of Ventas from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $75.00 in a research note on Thursday, October 20th. Argus reaffirmed a “hold” rating on shares of Ventas in a research note on Monday, August 29th. Zacks Investment Research cut shares of Ventas from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Finally, Mizuho reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Ventas in a research note on Monday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $66.60.
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.
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