Narwhal Capital Management Lowers stake in Ventas (VTR)

Ventas (VTR) : Narwhal Capital Management reduced its stake in Ventas by 2.5% during the most recent quarter end. The investment management company now holds a total of 37,065 shares of Ventas which is valued at $2,725,760 after selling 950 shares in Ventas , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Ventas makes up approximately 0.83% of Narwhal Capital Management’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in VTR in the latest quarter, The investment management firm added 1,673 additional shares and now holds a total of 10,894 shares of Ventas which is valued at $801,145. Ventas makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio.Newman Dignan Sheerar boosted its stake in VTR in the latest quarter, The investment management firm added 189 additional shares and now holds a total of 12,588 shares of Ventas which is valued at $914,266. Ventas makes up approx 0.59% of Newman Dignan Sheerar’s portfolio.British Columbia Investment Management Corp boosted its stake in VTR in the latest quarter, The investment management firm added 4,504 additional shares and now holds a total of 170,196 shares of Ventas which is valued at $12,361,335. Ventas makes up approx 0.11% of British Columbia Investment Management Corp’s portfolio.

Ventas opened for trading at $75.09 and hit $76.8 on the upside on Friday, eventually ending the session at $76.16, with a gain of 2.20% or 1.64 points. The heightened volatility saw the trading volume jump to 31,88,764 shares. Company has a market cap of $25,752 M.

On the company’s financial health, Ventas reported $1.04 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $1.04. The company had revenue of $848.40 million for the quarter, compared to analysts expectations of $850.73 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

Many Wall Street Analysts have commented on Ventas. Ventas was Downgraded by Hilliard Lyons to ” Underperform” on Aug 1, 2016. Ventas was Initiated by Raymond James to “Mkt Perform” on Jul 26, 2016. Ventas was Initiated by Argus to “Hold” on Jul 13, 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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