Spirit of America Management Corp NY Cuts Stake in Ventas, Inc. (NYSE:VTR)

Spirit of America Management Corp NY lowered its stake in shares of Ventas, Inc. (NYSE:VTR) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,900 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Spirit of America Management Corp NY’s holdings in Ventas were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VTR. Cribstone Capital Management LLC purchased a new position in shares of Ventas during the first quarter valued at approximately $123,000. Benjamin F. Edwards & Company Inc. increased 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 worth $158,000 after buying an additional 65 shares in the last quarter. Wagner Bowman Management Corp bought a new position in shares of Ventas during the first quarter worth approximately $201,000. Trust Co. of Virginia VA bought a new position in shares of Ventas during the first quarter worth approximately $202,000. Finally, Wetherby Asset Management Inc. bought a new position in shares of Ventas during the first quarter worth approximately $207,000. Institutional investors own 88.70% of the company’s stock.

Ventas, Inc. (VTR) traded up 0.23% during midday trading on Friday, hitting $64.95. 1,222,611 shares of the stock were exchanged. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 32.90 and a beta of 0.07. The firm has a 50 day moving average of $67.88 and a 200-day moving average of $65.25. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $75.16.

Ventas (NYSE:VTR) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 6.31% and a net margin of 20.08%. Ventas’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities analysts expect that Ventas, Inc. will post $1.84 earnings per share for the current year.

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A number of research firms have recently issued reports on VTR. BidaskClub raised shares of Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. 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. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has a consensus 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 company’s stock in a transaction 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 sale, the chairman now directly owns 819,835 shares in the company, valued at $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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