Patten Group Inc. grew its holdings in shares of Ventas, Inc. (NYSE:VTR) by 11.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,621 shares of the real estate investment trust’s stock after acquiring an additional 2,900 shares during the quarter. Patten Group Inc.’s holdings in Ventas were worth $1,502,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Columbia Asset Management purchased a new stake in shares of Ventas during the 3rd quarter valued at about $111,000. Girard Partners LTD. purchased a new stake in shares of Ventas during the 3rd quarter valued at about $161,000. Signaturefd LLC raised its position in shares of Ventas by 83.9% during the 2nd quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,388 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Ventas during the 2nd quarter valued at about $188,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of Ventas during the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Ventas stock traded down $0.02 during midday trading on Thursday, reaching $63.16. The stock had a trading volume of 25,044 shares, compared to its average volume of 1,831,737. 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 52-week low of $46.55 and a 52-week high of $64.96. The firm has a market capitalization of $22.51 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.06.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The company had revenue of $936.54 million for the quarter, compared to analyst estimates of $920.19 million. During the same period in the prior year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Research analysts anticipate that Ventas, Inc. will post 4.06 earnings per share for the current fiscal year.
VTR has been the topic of several recent research reports. Royal Bank of Canada cut shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 target price on the stock. in a research report on Friday, November 2nd. 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 target price on the stock. Stifel Nicolaus set a $55.00 target price on shares of Ventas and gave the company 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, TheStreet cut shares of Ventas from a “b” rating to a “c+” rating in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned 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 price target of $55.46.
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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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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