US Bancorp DE decreased its position in shares of Ventas, Inc. (NYSE:VTR) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,158 shares of the real estate investment trust’s stock after selling 176 shares during the period. US Bancorp DE’s holdings in Ventas were worth $2,814,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. raised its holdings in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. Kavar Capital Partners LLC bought a new position in Ventas during the second quarter valued at about $27,000. Gradient Investments LLC raised its holdings in Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 393 shares in the last quarter. Marino Stram & Associates LLC bought a new position in Ventas during the first quarter valued at about $33,000. Finally, Meridian Wealth Management LLC bought a new position in Ventas during the first quarter valued at about $33,000. 87.75% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was 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 SEC, which is available through this link. Insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The firm had revenue of $950.70 million for the quarter, compared to the consensus estimate of $931.16 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current year.
Several research firms have weighed in on VTR. Mitsubishi UFJ Financial Group raised their target price on Ventas to $67.00 and gave the company a “neutral” rating in a report on Wednesday, June 19th. Berenberg Bank started coverage on Ventas in a research note on Thursday, September 12th. They issued a “hold” rating and a $72.00 price objective on the stock. Morgan Stanley lifted their price objective on Ventas from $61.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Citigroup upgraded Ventas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $67.00 to $76.00 in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada lifted their price objective on Ventas to $71.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.50.
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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