Lasalle Investment Management Securities LLC Buys 440,110 Shares of Ventas, Inc. (VTR)
Lasalle Investment Management Securities LLC increased its stake in Ventas, Inc. (NYSE:VTR) by 16.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,170,053 shares of the real estate investment trust’s stock after buying an additional 440,110 shares during the period. Ventas makes up 2.8% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 13th largest position. Lasalle Investment Management Securities LLC owned approximately 0.89% of Ventas worth $220,255,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Financial Architects Inc increased its stake in shares of Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 12 shares during the period. Good Life Advisors LLC increased its position in shares of 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. Wagner Bowman Management Corp increased its position in shares of Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 26 shares during the period. CAPROCK Group Inc. increased its position in shares of Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 27 shares during the period. Finally, Cribstone Capital Management LLC increased its position in shares of 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. Institutional investors and hedge funds own 89.36% of the company’s stock.
Ventas, Inc. (NYSE VTR) opened at 67.89 on Monday. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $74.48. The company has a market cap of $24.18 billion, a P/E ratio of 34.39 and a beta of 0.07. The firm has a 50-day moving average price of $67.04 and a 200-day moving average price of $65.64.
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 Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same period last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
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VTR has been the subject of a number of recent analyst reports. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Jefferies Group LLC upped their price objective on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Finally, Mizuho restated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.29.
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 sale, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is 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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