Legal & General Group Plc Has $173.67 Million Stake in Ventas, Inc. (VTR)
Legal & General Group Plc decreased its position in Ventas, Inc. (NYSE:VTR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,499,482 shares of the real estate investment trust’s stock after selling 3,262 shares during the period. Legal & General Group Plc owned 0.70% of Ventas worth $173,667,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in VTR. SG Americas Securities LLC increased its position in shares of Ventas by 119.1% in the second quarter. SG Americas Securities LLC now owns 131,297 shares of the real estate investment trust’s stock worth $9,123,000 after buying an additional 71,359 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Ventas by 25.6% in the second quarter. State of Wisconsin Investment Board now owns 449,647 shares of the real estate investment trust’s stock worth $31,241,000 after buying an additional 91,534 shares in the last quarter. Morningstar Investment Services LLC increased its position in shares of Ventas by 5.2% in the second quarter. Morningstar Investment Services LLC now owns 1,298,674 shares of the real estate investment trust’s stock worth $90,232,000 after buying an additional 63,776 shares in the last quarter. LMR Partners LLP increased its position in shares of Ventas by 9.6% in the second quarter. LMR Partners LLP now owns 18,369 shares of the real estate investment trust’s stock worth $1,276,000 after buying an additional 1,604 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in shares of Ventas by 92.4% in the second quarter. Dupont Capital Management Corp now owns 71,649 shares of the real estate investment trust’s stock worth $4,978,000 after buying an additional 34,406 shares in the last quarter. 88.63% of the stock is owned by institutional investors and hedge funds.
Shares of Ventas, Inc. (NYSE:VTR) opened at 66.12 on Monday. 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 $67.21 and a 200-day moving average of $65.43. The firm has a market capitalization of $23.55 billion, a PE ratio of 33.50 and a beta of 0.07.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts anticipate that Ventas, Inc. will post $1.84 earnings per share for the current year.
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A number of brokerages recently weighed in on VTR. BidaskClub raised shares of 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 began coverage on shares of Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Finally, Jefferies Group LLC lifted their target price on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Ventas currently has a consensus 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 company’s stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
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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