Korea Investment CORP raised its position in shares of Ventas, Inc. (NYSE:VTR) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,484 shares of the real estate investment trust’s stock after buying an additional 22,736 shares during the period. Korea Investment CORP’s holdings in Ventas were worth $11,498,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in VTR. Atria Investments LLC raised its position in shares of Ventas by 6.3% in the first quarter. Atria Investments LLC now owns 3,466 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 205 shares during the last quarter. BlackRock Inc. raised its position in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Ventas by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 95,292 shares of the real estate investment trust’s stock worth $6,198,000 after buying an additional 7,521 shares during the last quarter. Bank of America Corp DE raised its position in shares of Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Ventas by 103.9% in the first quarter. Canada Pension Plan Investment Board now owns 679,438 shares of the real estate investment trust’s stock valued at $44,191,000 after buying an additional 346,250 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.
Shares of Ventas, Inc. (NYSE VTR) traded down 0.62% on Friday, reaching $66.12. The company had a trading volume of 1,657,508 shares. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $74.48. The firm has a market capitalization of $23.55 billion, a PE ratio of 33.50 and a beta of 0.07. The company’s 50-day moving average is $67.21 and its 200 day moving average is $65.43.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The business had revenue of $895.49 million during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.42 EPS. Equities analysts forecast that Ventas, Inc. will post $1.84 earnings per share for the current year.
Several equities research analysts recently issued reports on VTR shares. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Jefferies Group LLC upped their price target on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Mitsubishi UFJ Financial Group started coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Ventas has an average 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 transaction of $6,912,000.00. Following the completion of the transaction, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is 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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