Kelman Lazarov Inc. raised its stake in Ventas, Inc. (NYSE:VTR) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,361 shares of the real estate investment trust’s stock after buying an additional 2,599 shares during the period. Ventas makes up 1.8% of Kelman Lazarov Inc.’s investment portfolio, making the stock its 16th largest position. Kelman Lazarov Inc.’s holdings in Ventas were worth $3,221,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC acquired a new position in Ventas during the first quarter valued at $123,000. Benjamin F. Edwards & Company Inc. increased its position in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 65 shares during the period. Wagner Bowman Management Corp purchased a new position in Ventas during the first quarter worth approximately $201,000. Trust Co. of Virginia VA purchased a new position in Ventas during the first quarter worth approximately $202,000. Finally, Wetherby Asset Management Inc. purchased a new position in Ventas during the first quarter worth approximately $207,000. Hedge funds and other institutional investors own 89.33% of the company’s stock.
Shares of Ventas, Inc. (NYSE VTR) traded down 0.96% during midday trading on Friday, hitting $65.81. The company had a trading volume of 1,117,516 shares. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 33.34 and a beta of 0.07. Ventas, Inc. has a one year low of $56.20 and a one year high of $75.16. The company’s 50 day moving average is $68.82 and its 200 day moving average is $65.11.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The company had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that Ventas, Inc. will post $2.02 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. BMO Capital Markets restated a “sell” rating and issued a $60.00 price objective on shares of Ventas in a report on Wednesday, April 12th. Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Jefferies Group LLC raised their price objective on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Four equities research 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 price target of $66.22.
In other Ventas 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 completion of 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 Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.
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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