Public Employees Retirement Association of Colorado boosted its stake in Ventas, Inc. (NYSE:VTR) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 69,450 shares of the real estate investment trust’s stock after buying an additional 437 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Ventas were worth $4,825,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Financial Architects Inc raised its position in Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 12 shares during the last quarter. Good Life Advisors LLC raised its position in Ventas by 0.4% in the first quarter. Good Life Advisors LLC now owns 3,992 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 17 shares during the last quarter. Wagner Bowman Management Corp raised its position in Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 26 shares during the last quarter. Cribstone Capital Management LLC raised its position in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares during the last quarter. Finally, Naples Global Advisors LLC raised its position in Ventas by 0.7% in the second quarter. Naples Global Advisors LLC now owns 6,805 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 50 shares during the last quarter. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ventas, Inc. (NYSE VTR) opened at 65.81 on Friday. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $75.16. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 33.34 and a beta of 0.07. The stock’s 50 day moving average price is $68.82 and its 200 day moving average price is $65.11.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business 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. The company’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Ventas, Inc. will post $2.02 earnings per share for the current fiscal year.
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Several research firms recently issued reports on VTR. Mitsubishi UFJ Financial Group began coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price on the stock. BMO Capital Markets reissued a “sell” rating and set a $60.00 target price on shares of Ventas in a research note on Wednesday, April 12th. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Jefferies Group LLC increased their target price on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, BidaskClub raised Ventas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Four 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’s stock. Ventas currently has a consensus rating of “Hold” and an average price target of $66.22.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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