Wedbush Securities Inc. Raises Stake in Ventas, Inc. (VTR)
Wedbush Securities Inc. raised its position in Ventas, Inc. (NYSE:VTR) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,408 shares of the real estate investment trust’s stock after buying an additional 842 shares during the period. Wedbush Securities Inc.’s holdings in Ventas were worth $1,140,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Atria Investments LLC increased its position 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 in the last quarter. BlackRock Inc. increased 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 valued at $2,376,145,000 after buying an additional 35,049,052 shares during the period. Advisors Asset Management Inc. increased 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 valued at $6,198,000 after buying an additional 7,521 shares during the period. Bank of America Corp DE increased 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 valued at $1,185,477,000 after buying an additional 184,874 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of 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 during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Ventas, Inc. (NYSE VTR) opened at 64.95 on Friday. The company’s 50 day moving average is $67.88 and its 200-day moving average is $65.25. The company has a market capitalization of $23.13 billion, a PE ratio of 32.90 and a beta of 0.07. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $74.67.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts expect that Ventas, Inc. will post $1.84 EPS for the current fiscal year.
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Several brokerages have recently issued reports on VTR. BidaskClub raised shares of Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC boosted their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target for the company. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating and eight have given 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 the 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 in the company, valued at $56,666,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate 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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