Apriem Advisors Has $565,000 Position in Ventas, Inc. (VTR)
Apriem Advisors boosted its position in shares of Ventas, Inc. (NYSE:VTR) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,137 shares of the real estate investment trust’s stock after buying an additional 525 shares during the period. Apriem Advisors’ holdings in Ventas were worth $565,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in VTR. Atria Investments LLC increased its stake in shares of 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 stake 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. Advisors Asset Management Inc. increased its stake 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 worth $6,198,000 after buying an additional 7,521 shares in the last quarter. Bank of America Corp DE increased its stake 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 worth $1,185,477,000 after buying an additional 184,874 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake 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 worth $44,191,000 after buying an additional 346,250 shares in the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.
Shares of Ventas, Inc. (NYSE VTR) traded up 0.80% during mid-day trading on Monday, reaching $66.65. 68,008 shares of the company’s stock traded hands. The company has a 50 day moving average of $67.21 and a 200 day moving average of $65.43. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $74.48. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 33.76 and a beta of 0.07.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $890.01 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Ventas, Inc. will post $1.84 earnings per share for the current fiscal year.
VTR has been the topic of a number of analyst reports. BidaskClub upgraded shares of Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Jefferies Group LLC increased their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, Mitsubishi UFJ Financial Group initiated 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. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s 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 $56,666,995.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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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