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Huntington National Bank Has $239,000 Stake in Ventas, Inc. (VTR)

Ventas logoHuntington National Bank cut its stake in shares of Ventas, Inc. (NYSE:VTR) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,436 shares of the real estate investment trust’s stock after selling 6 shares during the period. Huntington National Bank’s holdings in Ventas were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new stake in shares of Ventas during the first quarter valued at $123,000. Benjamin F. Edwards & Company Inc. increased its stake 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 in the last quarter. Trust Co. of Virginia VA purchased a new stake in shares of Ventas during the first quarter valued at $202,000. Wagner Bowman Management Corp purchased a new stake in shares of Ventas during the first quarter valued at $201,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Ventas during the first quarter valued at $207,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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Ventas, Inc. (VTR) traded up 0.24% on Wednesday, hitting $65.62. 1,935,781 shares of the stock were exchanged. The firm has a market cap of $23.37 billion, a PE ratio of 33.24 and a beta of 0.07. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $75.16. The stock’s 50 day moving average price is $68.82 and its 200 day moving average price is $65.11.

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, beating the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The company had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Ventas, Inc. will post $1.82 earnings per share for the current year.

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Several brokerages have recently weighed in on VTR. BidaskClub downgraded shares of Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price on the stock. Jefferies Group LLC increased their target price on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, BMO Capital Markets restated a “sell” rating and issued a $60.00 price target on shares of Ventas in a report on Wednesday, April 12th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.13.

In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s 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 in the company, valued at $56,666,995.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by 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.

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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