Cetera Advisor Networks LLC trimmed its position in shares of Ventas, Inc. (NYSE:VTR) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,529 shares of the real estate investment trust’s stock after selling 1,150 shares during the period. Cetera Advisor Networks LLC’s holdings in Ventas were worth $2,361,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Comerica Securities Inc. grew its holdings in Ventas by 56.3% in the fourth quarter. Comerica Securities Inc. now owns 6,942 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 2,500 shares during the period. Geode Capital Management LLC raised its position in Ventas by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 5,762,889 shares of the real estate investment trust’s stock worth $337,172,000 after acquiring an additional 467,757 shares during the period. Oppenheimer & Co. Inc. raised its position in Ventas by 58.8% in the first quarter. Oppenheimer & Co. Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 2,101 shares during the period. Janus Henderson Group PLC raised its position in Ventas by 447.5% in the first quarter. Janus Henderson Group PLC now owns 978,759 shares of the real estate investment trust’s stock worth $62,456,000 after acquiring an additional 799,987 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in shares of Ventas during the 1st quarter valued at $340,000. 87.74% of the stock is owned by hedge funds and other institutional investors.
NYSE VTR traded up $0.35 during mid-day trading on Friday, reaching $71.52. 34,947 shares of the stock were exchanged, compared to its average volume of 1,569,112. The business’s 50 day moving average is $71.45 and its 200-day moving average is $66.22. The company has a market capitalization of $26.52 billion, a P/E ratio of 17.44, a P/E/G ratio of 5.91 and a beta of 0.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.67 and a current ratio of 0.67. Ventas, Inc. has a 1 year low of $51.80 and a 1 year high of $75.40.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.38). Ventas had a return on equity of 4.78% and a net margin of 13.34%. The company had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $931.16 million. During the same period last year, the business earned $0.46 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Ventas, Inc. will post 3.84 earnings per share for the current fiscal year.
In related news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $72.54, for a total value of $725,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Debra A. Cafaro sold 68,080 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total transaction of $4,700,243.20. Following the completion of the transaction, the chairman now directly owns 741,358 shares of the company’s stock, valued at approximately $51,183,356.32. The disclosure for this sale can be found here. Insiders sold a total of 107,782 shares of company stock worth $7,518,149 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.
A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on shares of Ventas to $71.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Berenberg Bank started coverage on shares of Ventas in a research note on Thursday. They set a “hold” rating and a $72.00 price target for the company. Bank of America reiterated a “neutral” rating and set a $72.50 price objective (up previously from $67.00) on shares of Ventas in a report on Friday, June 21st. Finally, Citigroup upgraded shares of Ventas from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $76.00 in a report on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.58.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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