Texas Yale Capital Corp. held its position in shares of Ventas, Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The fund owned 50,985 shares of the real estate investment trust’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in Ventas were worth $3,542,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of VTR. Cribstone Capital Management LLC raised 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 valued at $134,000 after buying an additional 28 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 65 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Ventas during the second quarter valued at $203,000. Trust Co. of Virginia VA acquired a new position in shares of Ventas during the first quarter valued at $202,000. Finally, Wagner Bowman Management Corp acquired a new position in shares of Ventas during the first quarter valued at $201,000. 88.63% of the stock is currently owned by hedge funds and other institutional investors.
Ventas, Inc. (NYSE VTR) opened at 66.53 on Friday. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $74.48. The stock has a 50 day moving average of $67.29 and a 200-day moving average of $65.40. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 33.70 and a beta of 0.07.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, analysts forecast that Ventas, Inc. will post $1.84 EPS for the current year.
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Several brokerages recently weighed in on VTR. BidaskClub raised shares of Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective on the stock. Finally, Jefferies Group LLC raised their price objective on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Ventas currently has a consensus rating of “Hold” and an average target price of $65.13.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the 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 completion of the sale, the chairman now owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.
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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