State of Tennessee Treasury Department Purchases 22,058 Shares of Ventas, Inc. (VTR)
State of Tennessee Treasury Department increased its position in shares of Ventas, Inc. (NYSE:VTR) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,120 shares of the real estate investment trust’s stock after acquiring an additional 22,058 shares during the quarter. State of Tennessee Treasury Department’s holdings in Ventas were worth $7,758,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in VTR. Cribstone Capital Management LLC boosted its position in shares of Ventas by 1.5% during the 2nd quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 28 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Ventas by 48.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 650 shares during the last quarter. Cable Hill Partners LLC acquired a new position in shares of Ventas during the 3rd quarter valued at about $174,000. Northern Capital Management LLC acquired a new position in shares of Ventas during the 2nd quarter valued at about $202,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in shares of Ventas during the 2nd quarter valued at about $203,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Ventas, Inc. (NYSE:VTR) opened at $64.91 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $23,118.61, a PE ratio of 15.57, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08. Ventas, Inc. has a one year low of $57.95 and a one year high of $72.36.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.60). The business had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. sell-side analysts anticipate that Ventas, Inc. will post 4.15 EPS for the current fiscal year.
VTR has been the topic of several research analyst reports. BidaskClub lowered shares of Ventas from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. set a $67.00 price objective on shares of Ventas and gave the company a “hold” rating in a report on Sunday, October 29th. UBS AG reduced their price objective on shares of Ventas from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. BMO Capital Markets restated a “sell” rating and issued a $62.00 price objective on shares of Ventas in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Ventas has an average rating of “Hold” and a consensus price target of $64.20.
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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