Ventas, Inc. (NYSE:VTR) Position Maintained by NJ State Employees Deferred Compensation Plan
NJ State Employees Deferred Compensation Plan maintained its stake in shares of Ventas, Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The fund owned 3,933 shares of the real estate investment trust’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Ventas were worth $273,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust raised its stake 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. CAPROCK Group Inc. raised its stake 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. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Ventas during the second quarter worth approximately $203,000. Bbva Compass Bancshares Inc. raised its stake in shares of Ventas by 7.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 17,005 shares of the real estate investment trust’s stock worth $1,182,000 after buying an additional 1,195 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Ventas by 1.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,866 shares of the real estate investment trust’s stock worth $2,978,000 after buying an additional 497 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
Ventas, Inc. (NYSE:VTR) opened at 65.62 on Thursday. The firm has a market capitalization of $23.37 billion, a price-to-earnings ratio of 33.24 and a beta of 0.07. The company has a 50 day moving average price of $68.23 and a 200-day moving average price of $65.24. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $75.16.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the 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 quarter last year, the business posted $0.42 EPS. The business’s revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
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A number of analysts have recently commented on the company. BidaskClub lowered Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Jefferies Group LLC lifted their price target on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, BMO Capital Markets reissued a “sell” rating and set a $60.00 price target 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 assigned a hold rating to the company’s stock. Ventas has an average rating of “Hold” and an average target price of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
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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