Ventas Inc. (VTR) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. increased its stake in shares of Ventas Inc. (NYSE:VTR) by 30.8% during the third quarter, Holdings Channel reports. The institutional investor 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.’s holdings in Ventas were worth $150,656,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. FMR LLC raised its position 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. raised its position 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 raised its position 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 raised its position 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.
Ventas Inc. (NYSE:VTR) opened at 60.40 on Tuesday. The firm has a 50 day moving average of $63.99 and a 200-day moving average of $69.11. Ventas Inc. has a 12 month low of $46.87 and a 12 month high of $76.80. The firm has a market cap of $21.39 billion, a P/E ratio of 36.58 and a beta of 0.18.
Ventas (NYSE:VTR) last announced its quarterly earnings data 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 company had revenue of $867.12 million for the quarter, compared to the consensus estimate of $842.66 million. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Ventas Inc. will post $4.12 earnings per share for the current year.
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Several equities analysts have issued reports on the stock. Mizuho lowered shares of Ventas from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a report on Monday, November 21st. Hilliard Lyons raised shares of Ventas from an “underperform” rating to a “neutral” rating in a report on Friday, November 11th. Zacks Investment Research lowered shares of Ventas from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th. BMO Capital Markets lowered shares of Ventas from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $65.00 to $55.00 in a report on Tuesday, November 8th. Finally, Jefferies Group raised shares of Ventas from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $75.00 in a report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock has an average 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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