Ventas Inc. (VTR) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. raised its stake in shares of Ventas Inc. (NYSE:VTR) by 30.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,133,042 shares of the real estate investment trust’s stock after buying an additional 502,199 shares during the period. Prudential Financial Inc. owned 0.61% of Ventas worth $150,656,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Capital Advisors Ltd. LLC raised its stake in shares of 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 stake in shares of 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 stake in shares of 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. Synovus Financial Corp raised its stake in shares of Ventas by 7.8% in the third quarter. Synovus Financial Corp now owns 2,083 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 150 shares during the period. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of Ventas during the second quarter valued at about $160,000. 90.19% of the stock is owned by institutional investors.
Ventas Inc. (NYSE:VTR) opened at 60.40 on Tuesday. Ventas Inc. has a 12-month low of $46.87 and a 12-month high of $76.80. The stock has a market cap of $21.39 billion, a P/E ratio of 36.58 and a beta of 0.18. The firm’s 50 day moving average price is $63.99 and its 200-day moving average price is $69.11.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. Ventas had a net margin of 16.61% and a return on equity of 5.76%. The firm earned $867.12 million during the quarter, compared to the consensus estimate of $842.66 million. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Ventas Inc. will post $4.12 earnings per share for the current fiscal year.
VTR has been the subject of several research analyst reports. BTIG Research initiated coverage on Ventas in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Jefferies Group raised Ventas from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $75.00 in a research note on Thursday, October 20th. Argus reissued a “hold” rating on shares of Ventas in a research note on Monday, August 29th. Zacks Investment Research lowered Ventas from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Finally, Mizuho reissued a “buy” rating and issued a $84.00 target price on shares of Ventas in a research note on Monday, October 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and a consensus target price of $64.50.
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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