UMB Bank N A MO Acquires 12,653 Shares of Ventas, Inc. (VTR)
UMB Bank N A MO raised its position in shares of Ventas, Inc. (NYSE:VTR) by 8.0% during the second quarter, Holdings Channel reports. The fund owned 171,378 shares of the real estate investment trust’s stock after buying an additional 12,653 shares during the period. UMB Bank N A MO’s holdings in Ventas were worth $11,908,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cribstone Capital Management LLC purchased a new position in shares of Ventas during the first quarter valued at about $123,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of 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 valued at $158,000 after buying an additional 65 shares in the last quarter. Wagner Bowman Management Corp purchased a new position in shares of Ventas during the first quarter valued at about $201,000. Trust Co. of Virginia VA purchased a new position in shares of Ventas during the first quarter valued at about $202,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of Ventas during the second quarter valued at about $203,000. Institutional investors and hedge funds own 88.70% of the company’s stock.
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 firm’s 50-day moving average price is $67.88 and its 200 day moving average price is $65.25. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 32.90 and a beta of 0.07.
Ventas (NYSE:VTR) last issued its earnings results 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. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Ventas, Inc. will post $1.84 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “UMB Bank N A MO Acquires 12,653 Shares of Ventas, Inc. (VTR)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/umb-bank-n-a-mo-acquires-12653-shares-of-ventas-inc-vtr/1478693.html.
Several brokerages have recently issued reports on VTR. BidaskClub cut shares of Ventas from a “sell” rating to a “strong sell” rating in a report on Wednesday. Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price on the stock. Finally, Jefferies Group LLC raised their target price on shares of Ventas from $61.00 to $64.00 and gave the stock 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 issued a hold rating to the company. Ventas presently 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 company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).
Receive News & Ratings for Ventas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.