MML Investors Services LLC raised its stake in Ventas, Inc. (NYSE:VTR) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,076 shares of the real estate investment trust’s stock after acquiring an additional 611 shares during the period. MML Investors Services LLC’s holdings in Ventas were worth $4,653,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VTR. Centersquare Investment Management LLC increased its holdings in Ventas by 397.7% in the 1st quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after acquiring an additional 15,497,390 shares during the last quarter. Resolution Capital Ltd bought a new position in Ventas during the 2nd quarter valued at about $76,570,000. Canada Pension Plan Investment Board grew its holdings in Ventas by 809.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock valued at $81,778,000 after purchasing an additional 1,064,842 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Ventas by 28.8% during the 2nd quarter. Renaissance Technologies LLC now owns 4,199,622 shares of the real estate investment trust’s stock valued at $287,044,000 after purchasing an additional 938,202 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Ventas by 147.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,469,777 shares of the real estate investment trust’s stock valued at $100,459,000 after purchasing an additional 875,037 shares during the last quarter. Institutional investors own 87.74% of the company’s stock.
Several equities analysts recently commented on VTR shares. BMO Capital Markets reiterated a “hold” rating and set a $73.00 price target on shares of Ventas in a report on Monday, July 29th. Barclays started coverage on shares of Ventas in a report on Tuesday, September 3rd. They set an “equal weight” rating and a $74.00 price target on the stock. Citigroup upgraded shares of Ventas from a “neutral” rating to a “buy” rating and upped their price target for the company from $67.00 to $76.00 in a report on Wednesday, June 19th. Royal Bank of Canada upped their price target on shares of Ventas to $71.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Finally, ValuEngine downgraded shares of Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.58.
Ventas stock traded down $1.28 during trading hours on Friday, hitting $69.89. The company had a trading volume of 1,498,679 shares, compared to its average volume of 1,569,112. The firm has a market cap of $26.52 billion, a P/E ratio of 17.17, a P/E/G ratio of 5.91 and a beta of 0.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.67 and a current ratio of 0.67. Ventas, Inc. has a 1 year low of $51.80 and a 1 year high of $75.40. The company has a 50-day moving average price of $71.45 and a two-hundred day moving average price of $66.22.
Ventas (NYSE:VTR) last released 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 consensus estimate of $0.96 by ($0.38). The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $931.16 million. Ventas had a net margin of 13.34% and a return on equity of 4.78%. Ventas’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current year.
In other Ventas news, Chairman Debra A. Cafaro sold 68,080 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the sale, the chairman now directly owns 741,358 shares of the company’s stock, valued at approximately $51,183,356.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP T Richard Riney sold 29,702 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the completion of the sale, the executive vice president now directly owns 163,488 shares of the company’s stock, valued at $11,517,729.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,782 shares of company stock valued at $7,518,149. 1.40% of the stock is owned by corporate insiders.
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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