Crossmark Global Holdings Inc. trimmed its position in shares of Ventas, Inc. (NYSE:VTR) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,922 shares of the real estate investment trust’s stock after selling 1,310 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ventas were worth $1,590,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in VTR. Centersquare Investment Management LLC purchased a new position in Ventas in the first quarter worth $97,173,000. Daiwa Securities Group Inc. boosted its stake in Ventas by 2,490.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,767,113 shares of the real estate investment trust’s stock worth $100,637,000 after buying an additional 1,698,907 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Ventas by 242.6% in the 1st quarter. Millennium Management LLC now owns 2,214,927 shares of the real estate investment trust’s stock valued at $109,705,000 after purchasing an additional 1,568,408 shares in the last quarter. Brookfield Asset Management Inc. lifted its stake in shares of Ventas by 44.7% in the 1st quarter. Brookfield Asset Management Inc. now owns 3,686,473 shares of the real estate investment trust’s stock valued at $182,591,000 after purchasing an additional 1,138,667 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Ventas by 2.1% during the 1st quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock valued at $1,911,493,000 after buying an additional 795,890 shares during the period. 84.48% of the stock is currently owned by institutional investors.
In other Ventas news, Chairman Debra A. Cafaro sold 30,942 shares of Ventas stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $58.00, for a total value of $1,794,636.00. Following the sale, the chairman now owns 775,109 shares of the company’s stock, valued at approximately $44,956,322. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The business had revenue of $942.30 million for the quarter, compared to analyst estimates of $919.95 million. During the same period last year, the company earned $0.42 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. research analysts forecast that Ventas, Inc. will post 4.04 EPS for the current year.
A number of brokerages have recently weighed in on VTR. Cantor Fitzgerald reiterated a “hold” rating and issued a $56.00 price target on shares of Ventas in a report on Friday, July 27th. ValuEngine upgraded Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 28th. Royal Bank of Canada set a $61.00 price objective on Ventas and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “$57.33” rating and set a $61.00 target price on shares of Ventas in a research report on Wednesday, July 18th. Finally, Bank of America upped their price target on Ventas from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, July 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.07.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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