B. Riley Financial Inc. purchased a new stake in Ventas, Inc. (NYSE:VTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,339 shares of the real estate investment trust’s stock, valued at approximately $217,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its stake in Ventas by 48.0% in the second 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 buying an additional 650 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in shares of Ventas in the third quarter worth $131,000. Cable Hill Partners LLC bought a new stake in shares of Ventas in the third quarter worth $174,000. Northern Capital Management LLC bought a new stake in shares of Ventas in the second quarter worth $202,000. Finally, Strategic Financial Group LLC bought a new stake in shares of Ventas in the second quarter worth $208,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on VTR shares. KeyCorp reissued a “sell” rating and issued a $55.00 price objective on shares of Ventas in a research report on Sunday, September 17th. Capital One Financial raised shares of Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. BMO Capital Markets set a $62.00 price objective on shares of Ventas and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, Jefferies Group reissued a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research report on Tuesday, August 29th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus target price of $64.44.
Ventas (NYSE:VTR) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.60). The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. Ventas’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. analysts predict that Ventas, Inc. will post 4.16 earnings per share for the current year.
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Ventas Company Profile
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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