Ventas, Inc. (NYSE:VTR) Position Maintained by Walter & Keenan Financial Consulting Co. MI ADV
Walter & Keenan Financial Consulting Co. MI ADV continued to hold its stake in Ventas, Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The firm owned 9,000 shares of the real estate investment trust’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Ventas were worth $625,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of VTR. Atria Investments LLC raised its stake in 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 period. BlackRock Inc. raised its stake in 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 period. Advisors Asset Management Inc. raised its stake in 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 period. Bank of America Corp DE raised its stake in 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 period. 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 worth $44,191,000 after buying an additional 346,250 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.
Shares of Ventas, Inc. (NYSE:VTR) opened at 65.62 on Thursday. The firm’s 50-day moving average price is $68.23 and its 200-day moving average price is $65.24. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $75.16. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 33.24 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. The business had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Equities research analysts expect that Ventas, Inc. will post $1.84 EPS for the current fiscal year.
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VTR has been the subject of a number of recent research reports. BidaskClub upgraded Ventas from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC increased their target price on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price for the company. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $60.00 target price on shares of Ventas in a research note on Wednesday, April 12th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction dated 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 in the company, valued at $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
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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