Strs Ohio cut its position in Ventas, Inc. (NYSE:VTR) by 16.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 471,524 shares of the real estate investment trust’s stock after selling 94,643 shares during the period. Strs Ohio owned approximately 0.13% of Ventas worth $32,761,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of VTR. HighPoint Advisor Group LLC boosted its stake in shares of Ventas by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,117 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 69 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Ventas during the fourth quarter worth about $1,607,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Ventas during the fourth quarter worth about $717,000. Beacon Financial Group raised its position in Ventas by 1.9% in the first quarter. Beacon Financial Group now owns 121,521 shares of the real estate investment trust’s stock worth $7,838,000 after buying an additional 2,296 shares in the last quarter. Finally, Pensionfund Sabic raised its position in Ventas by 21.4% in the first quarter. Pensionfund Sabic now owns 28,362 shares of the real estate investment trust’s stock worth $1,845,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.
Ventas, Inc. (NYSE VTR) opened at 66.12 on Friday. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 33.50 and a beta of 0.07. The company has a 50-day moving average of $67.21 and a 200 day moving average of $65.43. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $74.48.
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, topping 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 during the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ventas, Inc. will post $1.84 EPS for the current year.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday. Mitsubishi UFJ Financial Group started coverage on shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Finally, 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 report on Monday, May 1st. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company 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 Ventas 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 sale, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.
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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