Ventas, Inc. (VTR) Stake Decreased by Busey Trust CO
Busey Trust CO lowered its position in Ventas, Inc. (NYSE:VTR) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 60,768 shares of the real estate investment trust’s stock after selling 2,807 shares during the period. Busey Trust CO’s holdings in Ventas were worth $4,222,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Cribstone Capital Management LLC bought a new stake in shares of Ventas during the first quarter worth about $123,000. Benjamin F. Edwards & Company Inc. raised its stake 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 during the period. Wagner Bowman Management Corp bought a new stake in shares of Ventas during the first quarter worth about $201,000. Trust Co. of Virginia VA bought a new stake in shares of Ventas during the first quarter worth about $202,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of Ventas during the second quarter worth about $203,000. 89.33% of the stock is currently owned by institutional investors.
Ventas, Inc. (VTR) opened at 65.81 on Friday. Ventas, Inc. has a one year low of $56.20 and a one year high of $75.16. The stock has a market cap of $23.44 billion, a P/E ratio of 33.34 and a beta of 0.07. The stock’s 50 day moving average price is $68.82 and its 200-day moving average price is $65.11.
Ventas (NYSE:VTR) last issued its quarterly earnings data 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 for 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%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts predict that Ventas, Inc. will post $2.02 earnings per share for the current year.
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A number of equities research analysts have 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. 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 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $58.00 target price on shares of Ventas in a research report on Friday, April 7th. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $60.00 target price on shares of Ventas in a research report on Wednesday, April 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.22.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction 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 sale, the chairman now 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 is accessible through this link. Company 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.
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