QCI Asset Management Inc. NY grew its holdings in shares of Ventas, Inc. (NYSE:VTR) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,729 shares of the real estate investment trust’s stock after acquiring an additional 1,491 shares during the period. Ventas comprises about 1.7% of QCI Asset Management Inc. NY’s investment portfolio, making the stock its 21st biggest holding. QCI Asset Management Inc. NY’s holdings in Ventas were worth $17,985,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in VTR. Legacy Advisors LLC grew its stake in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 1,967 shares in the last quarter. Howe & Rusling Inc. grew its stake in Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 2,341 shares in the last quarter. Signaturefd LLC grew its stake in Ventas by 83.9% in the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Ventas in the second quarter worth about $188,000. Institutional investors own 84.54% of the company’s stock.
Shares of NYSE VTR opened at $60.07 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00. Ventas, Inc. has a 52-week low of $46.55 and a 52-week high of $65.72. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 4.42 and a beta of -0.02.
Ventas (NYSE:VTR) last issued its earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The firm had revenue of $936.54 million for the quarter, compared to analysts’ expectations of $920.19 million. During the same quarter last year, the company posted $1.71 earnings per share. Ventas’s revenue was up 4.1% on a year-over-year basis. As a group, analysts anticipate that Ventas, Inc. will post 4.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, October 1st were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a yield of 5.26%. Ventas’s dividend payout ratio is currently 75.96%.
In other Ventas news, EVP T Richard Riney sold 13,708 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.
A number of equities analysts recently commented on the company. SunTrust Banks reiterated a “hold” rating and issued a $58.00 price target on shares of Ventas in a research note on Tuesday, July 31st. Royal Bank of Canada set a $61.00 price target on Ventas and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Cantor Fitzgerald reiterated a “hold” rating and issued a $56.00 price target on shares of Ventas in a research note on Friday, July 27th. Finally, Stifel Nicolaus set a $55.00 price target on Ventas and gave the stock a “hold” rating in a research note on Monday, October 29th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. Ventas has an average rating of “Hold” and an average target price of $55.46.
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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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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