Janus Henderson Group PLC trimmed its stake in shares of Ventas, Inc. (NYSE:VTR) by 27.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 711,008 shares of the real estate investment trust’s stock after selling 267,751 shares during the quarter. Janus Henderson Group PLC owned about 0.19% of Ventas worth $48,596,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Centersquare Investment Management LLC boosted its stake in Ventas by 397.7% during the 1st quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after purchasing an additional 15,497,390 shares in the last quarter. Resolution Capital Ltd bought a new position in Ventas during the 2nd quarter valued at $76,570,000. Duff & Phelps Investment Management Co. boosted its stake in Ventas by 5,155.1% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 825,050 shares of the real estate investment trust’s stock valued at $56,392,000 after purchasing an additional 809,350 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ventas by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 5,762,889 shares of the real estate investment trust’s stock valued at $337,172,000 after purchasing an additional 467,757 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Ventas by 22.4% during the 1st quarter. California Public Employees Retirement System now owns 2,519,386 shares of the real estate investment trust’s stock valued at $160,762,000 after purchasing an additional 460,615 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.
In other Ventas news, EVP John D. Cobb sold 10,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Debra A. Cafaro sold 68,084 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.54, for a total value of $4,530,309.36. Following the transaction, the chairman now owns 805,835 shares in the company, valued at $53,620,260.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,866 shares of company stock valued at $12,048,458. 1.40% of the stock is owned by corporate insiders.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.38). Ventas had a return on equity of 4.78% and a net margin of 13.34%. The firm had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $931.16 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. Ventas’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Ventas, Inc. will post 3.84 earnings per share for the current year.
VTR has been the subject of a number of research reports. Stifel Nicolaus raised Ventas from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $74.00 in a research note on Wednesday, June 19th. Royal Bank of Canada raised their price objective on Ventas to $71.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. ValuEngine lowered Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays assumed coverage on Ventas in a research note on Tuesday. They set an “equal weight” rating and a $74.00 price objective for the company. Finally, Citigroup raised Ventas from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $76.00 in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Ventas presently has a consensus rating of “Hold” and a consensus price target of $67.21.
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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