BT Investment Management Ltd bought a new position in shares of Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 110,243 shares of the real estate investment trust’s stock, valued at approximately $7,660,000.
Several other institutional investors also recently made changes to their positions in VTR. Amalgamated Bank grew its holdings in shares of Ventas by 60.8% during the second quarter. Amalgamated Bank now owns 39,505 shares of the real estate investment trust’s stock valued at $2,745,000 after buying an additional 14,931 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ventas by 1.8% during the second quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock valued at $2,585,012,000 after buying an additional 671,502 shares in the last quarter. Comerica Securities Inc. grew its holdings in shares of Ventas by 8.2% during the second quarter. Comerica Securities Inc. now owns 4,222 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 319 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Ventas by 6.9% during the second quarter. Norinchukin Bank The now owns 24,627 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 1,584 shares in the last quarter. Finally, Strategic Advisors LLC purchased a new position in shares of Ventas during the second quarter valued at $633,000. 89.36% of the stock is currently owned by institutional investors.
Shares of Ventas, Inc. (NYSE VTR) traded up 0.61% on Friday, reaching $69.36. The company’s stock had a trading volume of 2,696,502 shares. The company has a 50 day moving average price of $67.30 and a 200 day moving average price of $66.24. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $73.23. The company has a market cap of $24.70 billion, a P/E ratio of 35.14 and a beta of 0.08.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The business had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts anticipate that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio is 157.36%.
VTR has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Finally, Mizuho reiterated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Ventas presently has a consensus rating of “Hold” and an average target price of $64.57.
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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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