Nuveen Asset Management buys $169,673,043 stake in Ventas (VTR)

Ventas (VTR) : Nuveen Asset Management scooped up 1,748,237 additional shares in Ventas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,780,158 shares of Ventas which is valued at $169,673,043.Ventas makes up approximately 1.03% of Nuveen Asset Management’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in VTR by selling 35,521 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 587,658 shares of VTR which is valued at $35,864,768. Ventas makes up approx 0.14% of Pictet Asset Management Ltd’s portfolio. Catalyst Capital Advisors sold out all of its stake in VTR during the most recent quarter. The investment firm sold 15,200 shares of VTR which is valued $879,472.Schroder Investment Management Group reduced its stake in VTR by selling 60,474 shares or 55.23% in the most recent quarter. The Hedge Fund company now holds 49,015 shares of VTR which is valued at $2,966,388. Ventas makes up approx 0.01% of Schroder Investment Management Group’s portfolio.Davenport Co reduced its stake in VTR by selling 3,131 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 37,267 shares of VTR which is valued at $2,521,485. Ventas makes up approx 0.04% of Davenport Co’s portfolio.

Ventas opened for trading at $59.81 and hit $60.27 on the upside on Monday, eventually ending the session at $59.9, with a gain of 0.55% or 0.33 points. The heightened volatility saw the trading volume jump to 20,96,384 shares. Company has a market cap of $21,211 M.

On the company’s financial health, Ventas reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $1.01. The company had revenue of $867.12 million for the quarter, compared to analysts expectations of $847.72 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on Ventas. Mizuho Downgraded Ventas on Nov 21, 2016 to ” Neutral”, Price Target of the shares are set at $63.Ventas was Upgraded by Jefferies to ” Buy” on Oct 20, 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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