Catalyst Capital Advisors LLC Maintains Position in Ventas, Inc. (VTR)
Catalyst Capital Advisors LLC held its stake in Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,900 shares of the real estate investment trust’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Ventas were worth $271,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Cribstone Capital Management LLC bought a new stake in Ventas during the first quarter valued at $123,000. Benjamin F. Edwards & Company Inc. raised 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 valued at $158,000 after buying an additional 65 shares during the last quarter. Wagner Bowman Management Corp acquired a new position in shares of Ventas during the first quarter valued at about $201,000. Trust Co. of Virginia VA acquired a new position in shares of Ventas during the first quarter valued at about $202,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in shares of Ventas during the second quarter valued at about $203,000. 88.63% of the stock is owned by hedge funds and other institutional investors.
Ventas, Inc. (VTR) opened at 66.13 on Tuesday. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $74.48. The firm has a 50-day moving average of $67.72 and a 200 day moving average of $65.34. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 33.50 and a beta of 0.07.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Ventas, Inc. will post $1.84 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on VTR shares. Jefferies Group LLC lifted their price objective on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. BidaskClub raised shares of Ventas from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group started coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective on the stock. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the sale, the chairman now directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
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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