National Planning Corp lowered its stake in Ventas, Inc. (NYSE:VTR) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 12,658 shares of the real estate investment trust’s stock after selling 250 shares during the period. National Planning Corp’s holdings in Ventas were worth $886,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Ventas by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,021,018 shares of the real estate investment trust’s stock valued at $209,901,000 after buying an additional 272,940 shares during the period. Wetherby Asset Management Inc. increased its position in Ventas by 14.3% in the second quarter. Wetherby Asset Management Inc. now owns 3,643 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 456 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Ventas by 6.4% in the second quarter. Canada Pension Plan Investment Board now owns 723,138 shares of the real estate investment trust’s stock worth $50,244,000 after buying an additional 43,700 shares during the last quarter. Advisor Partners LLC increased its position in Ventas by 52.3% in the second quarter. Advisor Partners LLC now owns 7,006 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 2,406 shares during the last quarter. Finally, Honeywell International Inc. increased its position in Ventas by 22.8% in the second quarter. Honeywell International Inc. now owns 85,560 shares of the real estate investment trust’s stock worth $5,945,000 after buying an additional 15,900 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.
Shares of Ventas, Inc. (NYSE VTR) opened at 64.95 on Friday. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $74.67. The company has a 50 day moving average price of $67.88 and a 200-day moving average price of $65.25. The firm has a market capitalization of $23.13 billion, a PE ratio of 32.90 and a beta of 0.07.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. Ventas’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Equities research analysts expect that Ventas, Inc. will post $1.84 EPS for the current fiscal year.
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A number of research analysts have recently commented on the company. BidaskClub downgraded Ventas from a “sell” rating to a “strong sell” rating in a report on Wednesday. Mizuho reiterated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. 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. Finally, Jefferies Group LLC increased their price objective on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.13.
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 completion of the sale, the chairman now directly owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
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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