Pictet Asset Management Ltd. trimmed its holdings in shares of Ventas, Inc. (NYSE:VTR) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,507 shares of the real estate investment trust’s stock after selling 5,700 shares during the period. Pictet Asset Management Ltd.’s holdings in Ventas were worth $9,762,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Korea Investment CORP raised its holdings in shares of Ventas by 156.6% during the third quarter. Korea Investment CORP now owns 166,552 shares of the real estate investment trust’s stock worth $9,057,000 after purchasing an additional 101,657 shares during the period. Credit Suisse AG raised its holdings in shares of Ventas by 0.6% during the third quarter. Credit Suisse AG now owns 949,040 shares of the real estate investment trust’s stock worth $51,609,000 after purchasing an additional 5,538 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ventas by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 315,164 shares of the real estate investment trust’s stock worth $17,139,000 after purchasing an additional 9,774 shares during the period. FIL Ltd raised its holdings in shares of Ventas by 9.5% during the third quarter. FIL Ltd now owns 129,206 shares of the real estate investment trust’s stock worth $7,026,000 after purchasing an additional 11,206 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Ventas by 5.1% during the third quarter. American International Group Inc. now owns 170,971 shares of the real estate investment trust’s stock worth $9,297,000 after purchasing an additional 8,270 shares during the period. 85.30% of the stock is currently owned by institutional investors.
VTR has been the subject of several recent research reports. TheStreet lowered shares of Ventas from a “b” rating to a “c+” rating in a research report on Friday, October 26th. JPMorgan Chase & Co. initiated coverage on shares of Ventas in a research report on Tuesday, October 30th. They set a “neutral” rating and a $60.00 price target for the company. Stifel Nicolaus set a $55.00 price target on shares of Ventas and gave the stock a “hold” rating in a research report on Monday, October 29th. ValuEngine upgraded shares of Ventas from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Royal Bank of Canada lowered shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price target for the company. in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.46.
Ventas stock opened at $65.47 on Friday. The stock has a market cap of $22.51 billion, a PE ratio of 15.74, a PEG ratio of 4.68 and a beta of 0.06. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.56. Ventas, Inc. has a one year low of $46.55 and a one year high of $65.70.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $936.54 million during the quarter, compared to analyst estimates of $920.19 million. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 earnings per share. Equities research analysts predict that Ventas, Inc. will post 4.06 EPS for the current year.
In related news, EVP T Richard Riney sold 15,288 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $62.50, for a total value of $955,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.
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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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