Retirement Systems of Alabama Has $11.96 Million Stake in Ventas, Inc. (NYSE:VTR)
Retirement Systems of Alabama boosted its position in Ventas, Inc. (NYSE:VTR) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 172,061 shares of the real estate investment trust’s stock after buying an additional 643 shares during the period. Retirement Systems of Alabama’s holdings in Ventas were worth $11,955,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Ventas by 4.7% in the second quarter. IFP Advisors Inc now owns 50,945 shares of the real estate investment trust’s stock worth $3,540,000 after buying an additional 2,266 shares during the last quarter. Korea Investment CORP increased its position in shares of Ventas by 15.9% in the second quarter. Korea Investment CORP now owns 165,484 shares of the real estate investment trust’s stock worth $11,498,000 after buying an additional 22,736 shares during the last quarter. Sei Investments Co. increased its position in shares of Ventas by 10.0% in the second quarter. Sei Investments Co. now owns 481,474 shares of the real estate investment trust’s stock worth $33,453,000 after buying an additional 43,601 shares during the last quarter. Grove Bank & Trust increased its position in shares of Ventas by 4.8% in the second quarter. Grove Bank & Trust now owns 8,087 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 368 shares during the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Shares of Ventas, Inc. (NYSE VTR) opened at 65.62 on Thursday. The stock has a market capitalization of $23.37 billion, a PE ratio of 33.24 and a beta of 0.07. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $75.16. The company has a 50-day moving average of $68.23 and a 200-day moving average of $65.24.
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, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The company 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% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts expect that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
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A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Jefferies Group LLC boosted their target price on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, BMO Capital Markets reiterated a “sell” rating and set a $60.00 target price on shares of Ventas in a research note on Wednesday, April 12th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and a consensus price target of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction on 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 directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
Ventas Company Profile
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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