Ventas, Inc. (VTR) Position Decreased by TCW Group Inc.
TCW Group Inc. reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 43.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,464 shares of the real estate investment trust’s stock after selling 127,800 shares during the quarter. TCW Group Inc.’s holdings in Ventas were worth $10,842,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas raised its stake in shares of Ventas by 29.4% during the third quarter. Teacher Retirement System of Texas now owns 4,826 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 1,097 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Ventas by 3.5% during the third quarter. Advisor Group Inc. now owns 76,800 shares of the real estate investment trust’s stock valued at $5,002,000 after purchasing an additional 2,587 shares in the last quarter. Toronto Dominion Bank grew its holdings in Ventas by 12.3% during the third quarter. Toronto Dominion Bank now owns 135,122 shares of the real estate investment trust’s stock worth $8,799,000 after acquiring an additional 14,829 shares during the period. QCI Asset Management Inc. NY grew its holdings in Ventas by 1.4% during the third quarter. QCI Asset Management Inc. NY now owns 196,747 shares of the real estate investment trust’s stock worth $12,814,000 after acquiring an additional 2,707 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Ventas by 3.5% during the third quarter. New York State Common Retirement Fund now owns 831,429 shares of the real estate investment trust’s stock worth $54,151,000 after acquiring an additional 28,475 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.
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VTR has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Capital One Financial Corporation initiated coverage on Ventas in a report on Monday, September 25th. They set an “equal weight” rating and a $69.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. SunTrust Banks, Inc. set a $67.00 target price on Ventas and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, Bank of America Corporation lowered Ventas from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.20.
Ventas, Inc. (VTR) traded down $0.66 during trading hours on Thursday, reaching $64.38. The company’s stock had a trading volume of 1,624,600 shares, compared to its average volume of 1,721,354. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.06. Ventas, Inc. has a 52 week low of $57.97 and a 52 week high of $72.36. The stock has a market cap of $23,164.89, a PE ratio of 15.60, a PEG ratio of 4.19 and a beta of 0.08.
Ventas (NYSE:VTR) last announced 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 Thomson Reuters’ 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 net margin of 32.96% and a return on equity of 6.34%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. sell-side analysts forecast that Ventas, Inc. will post 4.15 EPS for the current year.
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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