Benjamin F. Edwards & Company Inc. reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,361 shares of the real estate investment trust’s stock after selling 75 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Ventas were worth $164,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 period. 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 period. 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 period. 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 period. Finally, Naples Global Advisors LLC raised its stake in shares of 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 worth $473,000 after buying an additional 50 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors.
Ventas, Inc. (NYSE VTR) opened at 66.18 on Wednesday. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $74.48. The company has a 50-day moving average price of $67.56 and a 200-day moving average price of $65.38. The firm has a market capitalization of $23.57 billion, a P/E ratio of 33.53 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. The business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, equities research analysts predict that Ventas, Inc. will post $1.84 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on VTR. BidaskClub lowered Ventas from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price on the stock. Finally, Jefferies Group LLC lifted their target price on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the transaction, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate 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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