ERTS Wealth Advisors LLC decreased its position in Ventas, Inc. (NYSE:VTR) by 35.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,862 shares of the real estate investment trust’s stock after selling 3,196 shares during the period. ERTS Wealth Advisors LLC’s holdings in Ventas were worth $401,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in VTR. Hoylecohen LLC raised its position in Ventas by 0.7% in the 1st quarter. Hoylecohen LLC now owns 80,145 shares of the real estate investment trust’s stock worth $5,114,000 after buying an additional 560 shares during the last quarter. Intrust Bank NA purchased a new stake in shares of Ventas during the 1st quarter valued at about $200,000. Bremer Bank National Association purchased a new stake in shares of Ventas during the 1st quarter valued at about $180,000. Piedmont Investment Advisors Inc. increased its position in shares of Ventas by 8.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,752 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 452 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Ventas by 34.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 38,751 shares of the real estate investment trust’s stock valued at $2,648,000 after purchasing an additional 10,028 shares during the last quarter. Institutional investors own 87.74% of the company’s stock.
In other Ventas news, Chairman Debra A. Cafaro sold 68,080 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the transaction, the chairman now directly owns 741,358 shares in the company, valued at approximately $51,183,356.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $72.54, for a total value of $725,400.00. The disclosure for this sale can be found here. Insiders sold a total of 107,782 shares of company stock valued at $7,518,149 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
Shares of NYSE:VTR traded up $0.07 during mid-day trading on Friday, reaching $71.24. 63,305 shares of the company traded hands, compared to its average volume of 1,569,112. The company’s 50 day moving average price is $71.45 and its 200-day moving average price is $66.22. The firm has a market cap of $26.52 billion, a PE ratio of 17.44, a PEG ratio of 5.91 and a beta of 0.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67. Ventas, Inc. has a 52 week low of $51.80 and a 52 week high of $75.40.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The company had revenue of $950.70 million for the quarter, compared to the consensus estimate of $931.16 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, research analysts predict that Ventas, Inc. will post 3.84 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on VTR shares. Stifel Nicolaus raised shares of Ventas from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $74.00 in a research report on Wednesday, June 19th. BMO Capital Markets reiterated a “hold” rating and set a $73.00 price objective on shares of Ventas in a research note on Monday, July 29th. ValuEngine downgraded Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays initiated coverage on Ventas in a research note on Tuesday, September 3rd. They set an “equal weight” rating and a $74.00 price objective for the company. Finally, Bank of America reiterated a “neutral” rating and set a $72.50 price objective (up from $67.00) on shares of Ventas in a research note on Friday, June 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company 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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