Koshinski Asset Management Inc. boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 11,658 shares of the real estate investment trust’s stock after acquiring an additional 321 shares during the period. Koshinski Asset Management Inc.’s holdings in Ventas were worth $427,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in shares of Ventas by 1.7% in the fourth quarter. Guggenheim Capital LLC now owns 398,351 shares of the real estate investment trust’s stock valued at $23,001,000 after purchasing an additional 6,501 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Ventas by 39.4% in the 4th quarter. Franklin Resources Inc. now owns 98,299 shares of the real estate investment trust’s stock valued at $5,676,000 after buying an additional 27,776 shares during the period. Pensionfund Sabic raised its position in shares of Ventas by 34.8% during the first quarter. Pensionfund Sabic now owns 86,362 shares of the real estate investment trust’s stock worth $2,315,000 after acquiring an additional 22,300 shares during the last quarter. Pensionfund DSM Netherlands lifted its stake in shares of Ventas by 12.5% during the first quarter. Pensionfund DSM Netherlands now owns 146,282 shares of the real estate investment trust’s stock valued at $3,921,000 after acquiring an additional 16,200 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Ventas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 170,487 shares of the real estate investment trust’s stock valued at $4,568,000 after acquiring an additional 3,018 shares during the last quarter. Hedge funds and other institutional investors own 88.11% of the company’s stock.
A number of research analysts have issued reports on the stock. Evercore ISI downgraded shares of Ventas from an “in-line” rating to an “underperform” rating in a research report on Monday, June 15th. Argus cut their price objective on shares of Ventas from $67.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Citigroup raised their price objective on shares of Ventas from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Mizuho dropped their target price on shares of Ventas from $60.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Finally, Royal Bank of Canada reduced their price target on Ventas from $39.00 to $34.00 in a research report on Friday, May 15th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Ventas has an average rating of “Hold” and an average target price of $44.53.
Ventas (NYSE:VTR) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Ventas had a return on equity of 7.26% and a net margin of 19.80%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.85 million. During the same period in the prior year, the business earned $0.35 EPS. Ventas’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Ventas, Inc. will post 3.18 EPS for the current fiscal year.
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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