New Mexico Educational Retirement Board Sells 3,500 Shares of Ventas, Inc. (VTR)

New Mexico Educational Retirement Board decreased its stake in Ventas, Inc. (NYSE:VTR) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,679 shares of the real estate investment trust’s stock after selling 3,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Ventas were worth $5,501,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Advisor Partners LLC raised its stake in Ventas by 52.3% in the second quarter. Advisor Partners LLC now owns 7,006 shares of the real estate investment trust’s stock valued at $487,000 after buying an additional 2,406 shares during the period. Honeywell International Inc. raised its stake in Ventas by 22.8% in the second quarter. Honeywell International Inc. now owns 85,560 shares of the real estate investment trust’s stock valued at $5,945,000 after buying an additional 15,900 shares during the period. First Bank & Trust raised its stake in Ventas by 19.0% in the second quarter. First Bank & Trust now owns 13,750 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 2,195 shares during the period. Retirement Systems of Alabama raised its stake in Ventas by 0.4% in the second quarter. Retirement Systems of Alabama now owns 172,061 shares of the real estate investment trust’s stock valued at $11,955,000 after buying an additional 643 shares during the period. Finally, IFP Advisors Inc raised its stake in Ventas by 4.7% in the second quarter. IFP Advisors Inc now owns 50,945 shares of the real estate investment trust’s stock valued at $3,540,000 after buying an additional 2,266 shares during the period. Hedge funds and other institutional investors own 88.63% of the company’s stock.

Ventas, Inc. (NYSE:VTR) traded down 0.62% on Friday, hitting $66.12. 1,657,508 shares of the stock traded hands. The stock has a 50-day moving average price of $67.21 and a 200 day moving average price of $65.43. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $74.48. The stock has a market cap of $23.55 billion, a P/E ratio of 33.50 and a beta of 0.07.

Ventas (NYSE:VTR) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Ventas, Inc. will post $1.84 EPS for the current fiscal year.

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Several research firms recently weighed in on VTR. BidaskClub upgraded shares of Ventas from a “strong sell” rating to a “sell” rating in a research note on Thursday. 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 price objective on the stock. Finally, Jefferies Group LLC raised their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Ventas has a consensus rating of “Hold” and an average price target of $65.13.

In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value 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 $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

About Ventas

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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