BB&T Securities LLC Increases Position in Ventas, Inc. (VTR)
BB&T Securities LLC raised its position in shares of Ventas, Inc. (NYSE:VTR) by 15.2% during the second quarter, Holdings Channel reports. The institutional investor owned 241,414 shares of the real estate investment trust’s stock after buying an additional 31,767 shares during the period. BB&T Securities LLC’s holdings in Ventas were worth $16,772,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of VTR. 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 worth $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. Lasalle Investment Management Securities LLC increased its position in shares of Ventas by 1,760.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock worth $177,555,000 after buying an additional 2,583,233 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after buying an additional 1,110,305 shares in the last quarter. APG Asset Management US Inc. increased its position in shares of Ventas by 4.4% in the first quarter. APG Asset Management US Inc. now owns 14,140,351 shares of the real estate investment trust’s stock worth $919,688,000 after buying an additional 595,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Ventas by 157.4% in the second quarter. Russell Investments Group Ltd. now owns 891,766 shares of the real estate investment trust’s stock worth $61,943,000 after buying an additional 545,259 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ventas, Inc. (NYSE VTR) opened at 66.12 on Friday. The company’s 50-day moving average is $67.21 and its 200 day moving average is $65.43. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $74.48. The stock has a market cap of $23.55 billion, a P/E ratio of 33.50 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 earnings per share (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 net margin of 20.08% and a return on equity of 6.31%. Ventas’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts anticipate that Ventas, Inc. will post $1.84 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This story was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dailypolitical.com/2017/08/19/bbt-securities-llc-increases-position-in-ventas-inc-vtr.html.
VTR has been the topic of a number of research reports. BidaskClub downgraded shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Jefferies Group LLC lifted their price target on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research note 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. The stock 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 the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).
Receive News & Ratings for Ventas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.