Oxbow Advisors LLC cut its position in shares of Ventas, Inc. (NYSE:VTR) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,439 shares of the real estate investment trust’s stock after selling 5,016 shares during the period. Oxbow Advisors LLC’s holdings in Ventas were worth $2,184,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of VTR. Cribstone Capital Management LLC purchased a new position in shares of Ventas during the first quarter worth about $123,000. Benjamin F. Edwards & Company Inc. increased its position 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 period. Wagner Bowman Management Corp purchased a new position in shares of Ventas during the first quarter worth about $201,000. Trust Co. of Virginia VA purchased a new position in shares of Ventas during the first quarter worth about $202,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of Ventas during the first quarter worth about $207,000. Institutional investors own 88.70% of the company’s stock.
Shares of Ventas, Inc. (NYSE:VTR) opened at 64.95 on Friday. The stock’s 50 day moving average price is $67.88 and its 200 day moving average price is $65.25. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $74.67. The company has a market capitalization of $23.13 billion, a PE ratio of 32.90 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts forecast that Ventas, Inc. will post $1.84 EPS for the current year.
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Several analysts have recently weighed in on VTR shares. BidaskClub lowered shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Mizuho restated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group initiated coverage on shares of 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 boosted their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company currently has a consensus 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 stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, 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 is available through this hyperlink. 1.30% of the stock is owned by company insiders.
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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