Orrstown Financial Services Inc. continued to hold its stake in shares of Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,497 shares of the real estate investment trust’s stock at the end of the second quarter. Orrstown Financial Services Inc.’s holdings in Ventas were worth $104,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in VTR. Cribstone Capital Management LLC purchased a new stake in shares of Ventas during the first quarter worth $123,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 65 shares during the last quarter. Wagner Bowman Management Corp purchased a new stake in shares of Ventas during the first quarter worth $201,000. Trust Co. of Virginia VA purchased a new stake in shares of Ventas during the first quarter worth $202,000. Finally, Wetherby Asset Management Inc. bought a new position in Ventas during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Shares of Ventas, Inc. (VTR) opened at 64.95 on Friday. The firm has a market cap of $23.13 billion, a PE ratio of 32.90 and a beta of 0.07. The company has a 50 day moving average price of $67.88 and a 200-day moving average price of $65.25. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $74.67.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. Analysts expect that Ventas, Inc. will post $1.84 EPS for the current year.
Several research analysts have recently issued reports on the company. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC boosted their target price on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price for the company. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.13.
In related 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 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 legal filing with the SEC, which can be accessed through the SEC website. Company 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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