Ventas, Inc. (NYSE:VTR) Position Decreased by Sigma Planning Corp
Sigma Planning Corp lowered its position in shares of Ventas, Inc. (NYSE:VTR) by 14.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,873 shares of the real estate investment trust’s stock after selling 2,618 shares during the period. Sigma Planning Corp’s holdings in Ventas were worth $1,103,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Ventas by 76.6% in the first quarter. State of Alaska Department of Revenue now owns 178,523 shares of the real estate investment trust’s stock worth $11,610,000 after buying an additional 77,439 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Ventas by 11.6% in the first quarter. Rothschild Investment Corp IL now owns 10,065 shares of the real estate investment trust’s stock worth $655,000 after buying an additional 1,050 shares in the last quarter. Huntington National Bank boosted its stake in shares of Ventas by 12.2% in the first quarter. Huntington National Bank now owns 3,442 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 375 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Ventas by 23.4% in the first quarter. Ledyard National Bank now owns 54,367 shares of the real estate investment trust’s stock worth $3,536,000 after buying an additional 10,310 shares in the last quarter. Finally, Professional Advisory Services Inc. boosted its stake in shares of Ventas by 17.6% in the first quarter. Professional Advisory Services Inc. now owns 212,197 shares of the real estate investment trust’s stock worth $13,801,000 after buying an additional 31,761 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
Shares of Ventas, Inc. (VTR) opened at 64.95 on Friday. The firm’s 50-day moving average price is $67.88 and its 200 day moving average price is $65.25. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $74.67. The firm has a market cap of $23.13 billion, a P/E ratio of 32.90 and a beta of 0.07.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) 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 analyst estimates of $890.01 million. During the same quarter last year, the firm earned $0.42 EPS. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Ventas, Inc. will post $1.84 earnings per share for the current fiscal year.
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Several brokerages have commented on VTR. BidaskClub upgraded shares of Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target on the stock. Finally, Jefferies Group LLC boosted their price target on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $65.13.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas 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 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 legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company 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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