Alpha Cubed Investments LLC reduced its position in shares of Ventas, Inc. (NYSE:VTR) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,576 shares of the real estate investment trust’s stock after selling 86 shares during the period. Alpha Cubed Investments LLC’s holdings in Ventas were worth $457,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VTR. Gulf International Bank UK Ltd raised its position in shares of Ventas by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 108,716 shares of the real estate investment trust’s stock worth $7,070,000 after buying an additional 2,500 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of Ventas by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 177,606 shares of the real estate investment trust’s stock worth $11,552,000 after buying an additional 1,527 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Ventas by 27.8% in the first quarter. Raymond James Trust N.A. now owns 18,906 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 4,110 shares during the last quarter. Paradigm Financial Advisors LLC raised its position in shares of Ventas by 3.8% in the first quarter. Paradigm Financial Advisors LLC now owns 49,655 shares of the real estate investment trust’s stock worth $3,229,000 after buying an additional 1,830 shares during the last quarter. Finally, Catawba Capital Management VA raised its position in shares of Ventas by 7.8% in the first quarter. Catawba Capital Management VA now owns 3,614 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
Ventas, Inc. (VTR) opened at 67.35 on Tuesday. The stock has a 50 day moving average price of $68.88 and a 200-day moving average price of $65.08. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $76.33. The firm has a market cap of $23.99 billion, a P/E ratio of 34.12 and a beta of 0.08.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Ventas’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Ventas, Inc. will post $1.81 EPS for the current year.
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A number of research analysts have commented on the company. BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. BMO Capital Markets reiterated a “sell” rating and issued a $60.00 price objective on shares of Ventas in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a research report on Friday, April 7th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $66.22.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the sale, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
About Ventas
Ventas, Inc is a real estate investment trust (REIT) with its 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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