Schwab Charles Investment Management Inc. raised its position in Ventas, Inc. (NYSE:VTR) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,021,018 shares of the real estate investment trust’s stock after buying an additional 272,940 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Ventas were worth $209,901,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Gulf International Bank UK Ltd raised its stake in Ventas by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 108,716 shares of the real estate investment trust’s stock worth $7,070,000 after buying an additional 2,500 shares in the last quarter. National Pension Service raised its stake in Ventas by 10.7% in the first quarter. National Pension Service now owns 305,836 shares of the real estate investment trust’s stock worth $19,726,000 after buying an additional 29,536 shares in the last quarter. TNB Financial acquired a new stake in Ventas during the first quarter worth approximately $2,217,000. Atria Investments LLC raised its stake 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. Finally, Integrated Wealth Management raised its stake in Ventas by 5.1% in the first quarter. Integrated Wealth Management now owns 8,051 shares of the real estate investment trust’s stock worth $524,000 after buying an additional 388 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.
Ventas, Inc. (VTR) opened at 65.62 on Thursday. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $75.16. The company has a 50-day moving average of $68.23 and a 200-day moving average of $65.24. The firm has a market capitalization of $23.37 billion, a price-to-earnings ratio of 33.24 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. The business had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. On average, equities analysts forecast 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 analyst reports. BMO Capital Markets reaffirmed a “sell” rating and set a $60.00 target price on shares of Ventas in a report on Wednesday, April 12th. Jefferies Group LLC lifted their target price on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, May 1st. BidaskClub raised shares of Ventas from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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