Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,499 shares of the real estate investment trust’s stock, valued at approximately $256,000.
A number of other hedge funds and other institutional investors have also modified their holdings of VTR. Vanguard Group Inc. grew its stake in shares of Ventas by 1.8% in the second quarter. Vanguard Group Inc. now owns 47,600,392 shares of the real estate investment trust’s stock worth $3,253,487,000 after acquiring an additional 823,797 shares during the period. Bank of New York Mellon Corp grew its position in Ventas by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 6,852,008 shares of the real estate investment trust’s stock valued at $468,335,000 after buying an additional 301,209 shares during the period. Northern Trust Corp grew its position in Ventas by 5.0% during the second quarter. Northern Trust Corp now owns 6,373,127 shares of the real estate investment trust’s stock valued at $435,603,000 after buying an additional 304,431 shares during the period. Nuveen Asset Management LLC grew its position in Ventas by 63.4% during the second quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock valued at $421,582,000 after buying an additional 2,393,109 shares during the period. Finally, Centersquare Investment Management LLC grew its position in Ventas by 10.7% during the second quarter. Centersquare Investment Management LLC now owns 5,869,553 shares of the real estate investment trust’s stock valued at $401,184,000 after buying an additional 567,393 shares during the period. 87.93% of the stock is owned by institutional investors.
In other news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $72.54, for a total value of $725,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.
Ventas (NYSE:VTR) last released its earnings results on Friday, October 25th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.71). Ventas had a return on equity of 4.59% and a net margin of 12.73%. The company had revenue of $983.16 million during the quarter, compared to analysts’ expectations of $935.43 million. During the same period last year, the firm posted $0.99 EPS. Ventas’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Ventas, Inc. will post 3.84 EPS for the current fiscal year.
Several analysts recently issued reports on VTR shares. BMO Capital Markets cut their target price on shares of Ventas to $63.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. Morgan Stanley cut their target price on shares of Ventas from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered shares of Ventas from a “buy” rating to a “hold” rating and cut their target price for the company from $74.00 to $66.00 in a research report on Wednesday, October 30th. Berenberg Bank began coverage on shares of Ventas in a research report on Thursday, September 12th. They issued a “hold” rating and a $72.00 price target for the company. Finally, ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Ventas currently has a consensus rating of “Hold” and an average target price of $66.58.
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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