Bridgewater Wealth & Financial Management LLC boosted its stake in Ventas, Inc. (NYSE:VTR) by 2.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,380 shares of the real estate investment trust’s stock after buying an additional 363 shares during the period. Bridgewater Wealth & Financial Management LLC’s holdings in Ventas were worth $999,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in 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 boosted its stake 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 valued at $259,000 after buying an additional 17 shares during the period. Wagner Bowman Management Corp boosted its stake in 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 valued at $217,000 after buying an additional 26 shares during the period. CAPROCK Group Inc. boosted its stake in Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock valued at $640,000 after buying an additional 27 shares during the period. Finally, Cribstone Capital Management LLC boosted its stake 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 valued at $134,000 after buying an additional 28 shares during the period. Institutional investors own 88.63% of the company’s stock.
Shares of Ventas, Inc. (NYSE VTR) opened at 66.69 on Thursday. The company has a market capitalization of $23.75 billion, a PE ratio of 33.78 and a beta of 0.07. The company has a 50-day moving average price of $67.42 and a 200 day moving average price of $65.39. Ventas, Inc. has a one year low of $56.20 and a one year high of $74.48.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Equities analysts anticipate that Ventas, Inc. will post $1.84 EPS for the current year.
Several analysts recently commented on VTR shares. BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday. Mitsubishi UFJ Financial Group started coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price on the stock. Mizuho reiterated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Finally, Jefferies Group LLC upped their target price on Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently 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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