Ventas, Inc. (VTR) Stake Boosted by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its position in Ventas, Inc. (NYSE:VTR) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,413 shares of the real estate investment trust’s stock after buying an additional 3,121 shares during the period. Advisors Asset Management Inc.’s holdings in Ventas were worth $6,838,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial Architects Inc raised its position in shares of Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 12 shares in the last quarter. Good Life Advisors LLC raised its position in shares of 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 worth $259,000 after buying an additional 17 shares in the last quarter. Wagner Bowman Management Corp raised its position in shares of 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 worth $217,000 after buying an additional 26 shares in the last quarter. CAPROCK Group Inc. raised 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 in the last quarter. Finally, Cribstone Capital Management LLC raised its position in shares of 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 worth $134,000 after buying an additional 28 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.
Ventas, Inc. (NYSE VTR) opened at 66.18 on Wednesday. The company has a 50 day moving average price of $67.56 and a 200 day moving average price of $65.38. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 33.53 and a beta of 0.07. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $74.48.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same period in the previous year, the company posted $0.42 EPS. Ventas’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that Ventas, Inc. will post $1.84 earnings per share for the current year.
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A number of brokerages have weighed in on VTR. Mitsubishi UFJ Financial Group began 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. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Jefferies Group LLC increased their price target on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, BidaskClub raised Ventas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. 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 an average target price of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’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 transaction, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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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