Bank of Nova Scotia Takes Position in Ventas, Inc. $VTR

Bank of Nova Scotia acquired a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 91,267 shares of the real estate investment trust's stock, valued at approximately $8,123,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ventas by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 75,948,003 shares of the real estate investment trust's stock valued at $5,876,856,000 after buying an additional 2,349,176 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Ventas in the second quarter valued at approximately $4,953,439,000. State Street Corp grew its stake in shares of Ventas by 2.5% in the fourth quarter. State Street Corp now owns 29,662,635 shares of the real estate investment trust's stock worth $2,309,234,000 after acquiring an additional 735,620 shares during the last quarter. Geode Capital Management LLC increased its position in Ventas by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 12,988,943 shares of the real estate investment trust's stock worth $1,001,447,000 after acquiring an additional 475,633 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Ventas by 27.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,176,254 shares of the real estate investment trust's stock worth $710,060,000 after acquiring an additional 2,000,341 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho increased their price target on shares of Ventas from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $100.00 price objective on shares of Ventas in a report on Tuesday, June 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $110.00 price objective on shares of Ventas in a research report on Tuesday, May 19th. Scotiabank decreased their target price on Ventas from $95.00 to $88.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Finally, Weiss Ratings raised Ventas from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Ventas Trading Up 0.4%

Shares of VTR opened at $93.47 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. The stock has a market cap of $47.94 billion, a PE ratio of 173.09, a PEG ratio of 2.15 and a beta of 0.69. Ventas, Inc. has a 1 year low of $66.38 and a 1 year high of $101.60. The stock has a 50 day simple moving average of $91.56 and a 200-day simple moving average of $87.26.

Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.Ventas's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, sell-side analysts predict that Ventas, Inc. will post 3.89 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael J. Embler bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $78.81 per share, for a total transaction of $197,025.00. Following the transaction, the director directly owned 19,202 shares of the company's stock, valued at $1,513,309.62. This trade represents a 14.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by company insiders.

About Ventas

Ventas, Inc NYSE: VTR is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.

Ventas' business model combines property ownership with active asset management and capital markets activity.

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