QCI Asset Management Inc. NY lowered its holdings in Ventas, Inc. (NYSE:VTR) by 99.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 906 shares of the real estate investment trust’s stock after selling 252,508 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Ventas were worth $62,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. AMP Capital Investors Ltd lifted its stake in shares of Ventas by 210.4% during the second quarter. AMP Capital Investors Ltd now owns 1,420,073 shares of the real estate investment trust’s stock valued at $98,580,000 after acquiring an additional 962,587 shares during the period. GRS Advisors LLC acquired a new position in Ventas in the second quarter valued at about $13,567,000. National Pension Service lifted its stake in Ventas by 5.2% in the second quarter. National Pension Service now owns 479,222 shares of the real estate investment trust’s stock valued at $32,755,000 after buying an additional 23,741 shares during the period. Asset Management One Co. Ltd. lifted its stake in Ventas by 2.4% in the second quarter. Asset Management One Co. Ltd. now owns 974,064 shares of the real estate investment trust’s stock valued at $66,575,000 after buying an additional 22,624 shares during the period. Finally, Evercore Wealth Management LLC lifted its stake in Ventas by 77.5% in the second quarter. Evercore Wealth Management LLC now owns 8,665 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 3,783 shares during the period. 87.75% of the stock is currently owned by institutional investors.
In related news, EVP T Richard Riney sold 29,702 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the completion of the transaction, the executive vice president now directly owns 163,488 shares of the company’s stock, valued at $11,517,729.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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. 1.40% of the stock is currently owned by company insiders.
Shares of NYSE:VTR traded down $0.57 during mid-day trading on Wednesday, reaching $72.41. 13,860 shares of the stock were exchanged, compared to its average volume of 1,714,264. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. The company has a market cap of $27.19 billion, a P/E ratio of 17.92, a P/E/G ratio of 5.74 and a beta of 0.23. Ventas, Inc. has a one year low of $51.80 and a one year high of $75.40. The stock’s 50 day simple moving average is $71.80 and its 200-day simple moving average is $66.39.
Ventas (NYSE:VTR) last posted 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). The firm had revenue of $950.70 million for the quarter, compared to the consensus estimate of $931.16 million. Ventas had a return on equity of 4.78% and a net margin of 13.34%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current fiscal year.
Several brokerages have issued reports on VTR. Berenberg Bank began coverage on Ventas in a report on Thursday, September 12th. They issued a “hold” rating and a $72.00 price target for the company. ValuEngine downgraded Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup upgraded Ventas from a “neutral” rating to a “buy” rating and increased their price target for the stock from $67.00 to $76.00 in a report on Wednesday, June 19th. Barclays began coverage on Ventas in a report on Tuesday, September 3rd. They issued an “equal weight” rating and a $74.00 price target for the company. Finally, Morgan Stanley increased their price target on Ventas from $61.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday. 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 has a consensus rating of “Hold” and an average price target of $68.50.
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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