Neuberger Berman Group LLC trimmed its stake in shares of Ventas, Inc. (NYSE:VTR) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 854,462 shares of the real estate investment trust’s stock after selling 14,359 shares during the quarter. Neuberger Berman Group LLC owned about 0.24% of Ventas worth $59,368,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in VTR. BlackRock Inc. raised its holdings in shares of Ventas by 2,360.9% during the 1st quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Ventas by 8.6% in the 1st quarter. Advisors Asset Management Inc. now owns 95,292 shares of the real estate investment trust’s stock worth $6,198,000 after purchasing an additional 7,521 shares in the last quarter. Bank of America Corp DE increased its holdings in Ventas by 1.0% in the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after purchasing an additional 184,874 shares in the last quarter. Bank of Nova Scotia increased its holdings in Ventas by 921.5% in the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after purchasing an additional 73,159 shares in the last quarter. Finally, TNB Financial increased its holdings in Ventas by 3.2% in the 2nd quarter. TNB Financial now owns 35,175 shares of the real estate investment trust’s stock worth $2,444,000 after purchasing an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.
Ventas, Inc. (NYSE:VTR) opened at 69.36 on Friday. The firm has a 50-day moving average price of $67.30 and a 200 day moving average price of $66.24. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 35.14 and a beta of 0.08. Ventas, Inc. has a one year low of $56.20 and a one year high of $73.23.
Ventas (NYSE:VTR) last posted 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. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts expect that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.775 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $3.10 annualized dividend and a dividend yield of 4.47%. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
VTR has been the subject of a number of recent research reports. BidaskClub cut 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 issued a “hold” rating and a $67.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.57.
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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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