NGAM Advisors L.P. Has $11.76 Million Position in Ventas, Inc. (NYSE:VTR)
NGAM Advisors L.P. cut its position in Ventas, Inc. (NYSE:VTR) by 8.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,212 shares of the real estate investment trust’s stock after selling 16,599 shares during the period. NGAM Advisors L.P.’s holdings in Ventas were worth $11,757,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management boosted its position in shares of Ventas by 2.8% in the second quarter. Hanson & Doremus Investment Management now owns 42,483 shares of the real estate investment trust’s stock worth $2,952,000 after buying an additional 1,172 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Ventas by 66.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,010 shares of the real estate investment trust’s stock worth $1,321,000 after buying an additional 7,580 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Ventas by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 69,450 shares of the real estate investment trust’s stock worth $4,825,000 after buying an additional 437 shares in the last quarter. Steinberg Global Asset Management raised its stake in shares of Ventas by 2.4% in the second quarter. Steinberg Global Asset Management now owns 74,735 shares of the real estate investment trust’s stock worth $5,193,000 after buying an additional 1,731 shares in the last quarter. Finally, FineMark National Bank & Trust raised its stake in shares of Ventas by 6.6% in the second quarter. FineMark National Bank & Trust now owns 5,970 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Ventas, Inc. (NYSE:VTR) traded up 0.23% on Friday, hitting $64.95. The stock had a trading volume of 1,222,611 shares. The firm’s 50-day moving average is $67.88 and its 200-day moving average is $65.25. The company has a market cap of $23.13 billion, a P/E 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 released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same quarter last year, the company posted $0.42 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Ventas, Inc. will post $1.84 earnings per share for the current fiscal year.
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VTR has been the subject of a number of research analyst reports. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Mizuho reissued 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 set a “hold” rating and a $67.00 price target for the company. Finally, Jefferies Group LLC lifted their target price on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Five equities research 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 a consensus price target of $65.13.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The transaction was disclosed in a filing with the SEC, 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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