Semmax Financial Advisors Inc. grew its position in shares of Ventas, Inc. (NYSE:VTR) by 82.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,840 shares of the real estate investment trust’s stock after purchasing an additional 13,462 shares during the quarter. Ventas comprises approximately 1.3% of Semmax Financial Advisors Inc.’s investment portfolio, making the stock its 24th largest position. Semmax Financial Advisors Inc.’s holdings in Ventas were worth $2,040,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Hoylecohen LLC raised its holdings in Ventas by 0.7% during the 1st quarter. Hoylecohen LLC now owns 80,145 shares of the real estate investment trust’s stock worth $5,114,000 after purchasing an additional 560 shares during the last quarter. Intrust Bank NA bought a new position in Ventas during the 1st quarter worth approximately $200,000. Parallel Advisors LLC raised its holdings in Ventas by 18.5% during the 1st quarter. Parallel Advisors LLC now owns 1,854 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 290 shares during the last quarter. Bremer Bank National Association bought a new position in Ventas during the 1st quarter worth approximately $180,000. Finally, Piedmont Investment Advisors Inc. raised its holdings in Ventas by 8.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,752 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Several research firms have issued reports on VTR. Bank of America restated a “neutral” rating and set a $72.50 price target (up previously from $67.00) on shares of Ventas in a report on Friday, June 21st. Stifel Nicolaus upgraded shares of Ventas from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $74.00 in a report on Wednesday, June 19th. Mitsubishi UFJ Financial Group lifted their price objective on shares of Ventas to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, June 19th. ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Ventas to $71.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Ventas has an average rating of “Hold” and a consensus target price of $66.59.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.38). The company had revenue of $950.70 million during the quarter, compared to the consensus estimate of $931.16 million. Ventas had a net margin of 13.34% and a return on equity of 4.78%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Research analysts expect that Ventas, Inc. will post 3.84 earnings per share for the current fiscal year.
In other Ventas news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $72.54, for a total transaction of $725,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Debra A. Cafaro sold 68,084 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.54, for a total transaction of $4,530,309.36. Following the sale, the chairman now owns 805,835 shares of the company’s stock, valued at approximately $53,620,260.90. The disclosure for this sale can be found here. Insiders have sold a total of 175,866 shares of company stock valued at $12,048,458 in the last 90 days. 1.40% of the stock is currently owned by company insiders.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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