Oliver Luxxe Assets Lowers stake in Ventas (VTR)

Ventas (VTR) : Oliver Luxxe Assets reduced its stake in Ventas by 5.01% during the most recent quarter end. The investment management company now holds a total of 29,837 shares of Ventas which is valued at $2,220,768 after selling 1,574 shares in Ventas , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Ventas makes up approximately 1.82% of Oliver Luxxe Assets’s portfolio.

Other Hedge Funds, Including , Scotia Capital added VTR to its portfolio by purchasing 32,739 company shares during the most recent quarter which is valued at $2,436,764. Ventas makes up approx 0.05% of Scotia Capital’s portfolio.Feltz Wealth Plan reduced its stake in VTR by selling 34 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 2,468 shares of VTR which is valued at $182,509. Ventas makes up approx 0.01% of Feltz Wealth Plan’s portfolio.Bb&t Securities boosted its stake in VTR in the latest quarter, The investment management firm added 16,245 additional shares and now holds a total of 224,300 shares of Ventas which is valued at $16,313,339. Ventas makes up approx 0.25% of Bb&t Securities’s portfolio.Gilman Hill Asset Management reduced its stake in VTR by selling 3,147 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 67,814 shares of VTR which is valued at $5,010,098. Ventas makes up approx 1.99% of Gilman Hill Asset Management’s portfolio.Kelman-lazarov reduced its stake in VTR by selling 945 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 45,205 shares of VTR which is valued at $3,281,431. Ventas makes up approx 1.85% of Kelman-lazarov’s portfolio.

Ventas opened for trading at $73.86 and hit $74.43 on the upside on Tuesday, eventually ending the session at $73.98, with a gain of 0.75% or 0.55 points. The heightened volatility saw the trading volume jump to 18,87,711 shares. Company has a market cap of $25,993 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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