State of New Jersey Common Pension Fund D cut its stake in shares of Ventas, Inc. (NYSE:VTR) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,200 shares of the real estate investment trust’s stock after selling 19,500 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Ventas worth $18,912,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Ventas by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 306,492 shares of the real estate investment trust’s stock valued at $19,934,000 after buying an additional 9,810 shares during the last quarter. Catawba Capital Management VA increased its position in Ventas by 7.8% in the first quarter. Catawba Capital Management VA now owns 3,614 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 260 shares in the last quarter. Raymond James Trust N.A. increased its position in Ventas by 27.8% in the first quarter. Raymond James Trust N.A. now owns 18,906 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 4,110 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in Ventas by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 177,606 shares of the real estate investment trust’s stock worth $11,552,000 after buying an additional 1,527 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Ventas by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 108,716 shares of the real estate investment trust’s stock worth $7,070,000 after buying an additional 2,500 shares in the last quarter. 88.63% of the stock is owned by hedge funds and other institutional investors.
Ventas, Inc. (VTR) traded down 0.62% during trading on Friday, reaching $66.12. The company’s stock had a trading volume of 1,657,508 shares. The stock’s 50-day moving average is $67.21 and its 200 day moving average is $65.43. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $74.48. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 33.50 and a beta of 0.07.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $890.01 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Ventas, Inc. will post $1.84 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Ventas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC upped their price objective 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. 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 for the company. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company 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 firm’s 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 transaction, the chairman now directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company 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.
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