Ventas, Inc. (NYSE:VTR) Position Raised by BB&T Corp
BB&T Corp raised its position in Ventas, Inc. (NYSE:VTR) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,189 shares of the real estate investment trust’s stock after buying an additional 1,510 shares during the period. BB&T Corp’s holdings in Ventas were worth $3,556,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in VTR. Good Life Advisors LLC raised its position in Ventas by 0.4% in the first quarter. Good Life Advisors LLC now owns 3,992 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 17 shares during the period. Cribstone Capital Management LLC raised its position in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 28 shares during the period. 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 worth $158,000 after buying an additional 65 shares during the last quarter. First Bank & Trust raised its position in shares of Ventas by 0.6% in the first quarter. First Bank & Trust now owns 11,555 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 66 shares during the last quarter. Finally, Wade G W & Inc. raised its position in shares of Ventas by 1.0% in the first quarter. Wade G W & Inc. now owns 6,686 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 66 shares during the last quarter. 88.63% of the stock is owned by hedge funds and other institutional investors.
Shares of Ventas, Inc. (NYSE:VTR) traded down 0.62% during midday trading on Friday, reaching $66.12. The company’s stock had a trading volume of 1,657,508 shares. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 33.50 and a beta of 0.07. Ventas, Inc. has a one year low of $56.20 and a one year high of $74.48. The stock’s 50 day moving average price is $67.21 and its 200 day moving average price is $65.43.
Ventas (NYSE:VTR) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The business had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Analysts predict that Ventas, Inc. will post $1.84 earnings per share for the current year.
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A number of equities analysts recently commented on the company. BidaskClub raised Ventas from a “strong sell” rating to a “sell” rating in a research note on Thursday. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target for the company. Finally, Jefferies Group LLC increased their price target on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 819,835 shares in the company, 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. Insiders own 1.30% of the company’s stock.
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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