Cetera Investment Advisers purchased a new position in Ventas, Inc. (NYSE:VTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,523 shares of the real estate investment trust’s stock, valued at approximately $593,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTR. Uniplan Investment Counsel Inc. raised its position in shares of Ventas by 5.5% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 389,472 shares of the real estate investment trust’s stock worth $25,327,000 after acquiring an additional 20,183 shares in the last quarter. Foresters Investment Management Company Inc. grew its stake in Ventas by 3.3% during the 1st quarter. Foresters Investment Management Company Inc. now owns 54,714 shares of the real estate investment trust’s stock worth $3,559,000 after buying an additional 1,730 shares during the last quarter. Global X Management Co. LLC grew its stake in Ventas by 18.6% during the 1st quarter. Global X Management Co. LLC now owns 7,669 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 1,202 shares during the last quarter. Vanguard Group Inc. grew its stake in Ventas by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after buying an additional 1,110,305 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Ventas by 9.6% during the 1st quarter. Geode Capital Management LLC now owns 4,046,244 shares of the real estate investment trust’s stock worth $262,847,000 after buying an additional 352,780 shares during the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on VTR shares. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Jefferies Group LLC reiterated a “hold” rating and set a $66.00 price target on shares of Ventas in a research note on Tuesday, August 29th. Royal Bank Of Canada restated a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. KeyCorp restated a “sell” rating and issued a $55.00 target price on shares of Ventas in a research note on Sunday, September 17th. Finally, Bank of America Corporation downgraded Ventas from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $63.90.
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Shares of Ventas, Inc. (VTR) traded up 2.55% on Friday, reaching $62.66. The company had a trading volume of 1,011,851 shares. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 31.74 and a beta of 0.08. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $72.36. The firm has a 50-day moving average price of $65.39 and a 200 day moving average price of $66.57.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $893.18 million. During the same quarter last year, the company posted $1.03 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Ventas, Inc. will post $1.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were given a $0.775 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a yield of 5.07%. Ventas’s payout ratio is 157.36%.
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.
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