Hanson Doremus Investment Management buys $2.8 Million stake in Ventas (VTR)

Ventas (VTR) : Hanson Doremus Investment Management scooped up 3,638 additional shares in Ventas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 41,619 shares of Ventas which is valued at $2.8 Million.Ventas makes up approximately 1.29% of Hanson Doremus Investment Management’s portfolio.

Other Hedge Funds, Including , Investec Asset Management Ltd boosted its stake in VTR in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 218,583 shares of Ventas which is valued at $14.6 Million. Ventas makes up approx 0.08% of Investec Asset Management Ltd’s portfolio.Cibc World Markets reduced its stake in VTR by selling 1,437 shares or 10.04% in the most recent quarter. The Hedge Fund company now holds 12,880 shares of VTR which is valued at $851,368.Rhumbline Advisers boosted its stake in VTR in the latest quarter, The investment management firm added 18,026 additional shares and now holds a total of 482,009 shares of Ventas which is valued at $31.9 Million. Ventas makes up approx 0.10% of Rhumbline Advisers’s portfolio. Harel Insurance Investments Financial Services Ltd. added VTR to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $39,660.Iab Financial Bank boosted its stake in VTR in the latest quarter, The investment management firm added 5,150 additional shares and now holds a total of 25,765 shares of Ventas which is valued at $1.6 Million. Ventas makes up approx 1.07% of Iab Financial Bank’s portfolio.

Ventas opened for trading at $65.3 and hit $65.6 on the upside on Friday, eventually ending the session at $65.29, with a gain of 0.59% or 0.38 points. The heightened volatility saw the trading volume jump to 21,13,449 shares. Company has a market cap of $22,077 M.

On the company’s financial health, Ventas reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.02. The company had revenue of $852.30 million for the quarter, compared to analysts expectations of $826.64 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Ventas. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $59 .Company shares were Reiterated by Mizuho on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $66 .Ventas was Downgraded by Goldman to ” Neutral” on Mar 24, 2016.

Ventas Inc. is a real estate investment trust (REIT). The Company has a portfolio of seniors housing and healthcare 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 MOB operations. The triple-net leased properties segment invests in seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses. The senior living operations segment invests in seniors housing communities throughout the United States and Canada and engages independent operators such as Atria and Sunrise to manage those communities. The MOB operations segment acquires owns develops leases and manages MOBs throughout the United States. It invests in seniors housing and healthcare properties.

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