NEXT Financial Group Inc Has $605,000 Stake in Ventas, Inc. (VTR)
NEXT Financial Group Inc decreased its position in shares of Ventas, Inc. (NYSE:VTR) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,713 shares of the real estate investment trust’s stock after selling 175 shares during the period. NEXT Financial Group Inc’s holdings in Ventas were worth $605,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of VTR. Cribstone Capital Management LLC acquired a new position in Ventas during the first quarter worth about $123,000. Benjamin F. Edwards & Company Inc. boosted its position in 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 in the last quarter. Trust Co. of Virginia VA acquired a new position in Ventas during the first quarter worth about $202,000. Wagner Bowman Management Corp acquired a new position in Ventas during the first quarter worth about $201,000. Finally, Wetherby Asset Management Inc. acquired a new position in Ventas during the first quarter worth about $207,000. 89.33% of the stock is owned by institutional investors.
Ventas, Inc. (NYSE:VTR) opened at 65.81 on Monday. The stock’s 50 day moving average price is $68.82 and its 200 day moving average price is $65.11. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 33.34 and a beta of 0.07. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $75.16.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts anticipate that Ventas, Inc. will post $2.02 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. BidaskClub raised Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC lifted their price target 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 began coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target for the company. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $60.00 price objective on shares of Ventas in a research report on Wednesday, April 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $66.22.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 819,835 shares in the company, valued at $56,666,995.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently 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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