Suntrust Banks Inc. grew its position in Ventas, Inc. (NYSE:VTR) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,786 shares of the real estate investment trust’s stock after acquiring an additional 5,539 shares during the quarter. Suntrust Banks Inc.’s holdings in Ventas were worth $10,960,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in VTR. UBS Asset Management Americas Inc. raised its stake in shares of Ventas by 9.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,608,326 shares of the real estate investment trust’s stock valued at $104,606,000 after acquiring an additional 141,155 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Ventas by 7.8% in the first quarter. Mutual of America Capital Management LLC now owns 44,765 shares of the real estate investment trust’s stock valued at $2,912,000 after acquiring an additional 3,223 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Ventas by 76.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 71,684 shares of the real estate investment trust’s stock valued at $4,662,000 after acquiring an additional 31,022 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Ventas by 11.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21,477 shares of the real estate investment trust’s stock valued at $1,397,000 after acquiring an additional 2,168 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Ventas by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,755,015 shares of the real estate investment trust’s stock valued at $114,146,000 after acquiring an additional 74,566 shares during the period. 89.17% of the stock is currently owned by institutional investors and hedge funds.
Ventas, Inc. (NYSE:VTR) traded down 2.19% on Friday, reaching $66.04. 1,901,963 shares of the company traded hands. The stock has a 50 day moving average of $67.37 and a 200-day moving average of $66.32. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $73.23. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 33.45 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ 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 company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Ventas, Inc. will post $1.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be given a $0.775 dividend. The ex-dividend date is Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a yield of 4.69%. Ventas’s payout ratio is currently 157.36%.
Several equities research analysts have recently weighed in on VTR shares. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Mitsubishi UFJ Financial Group started 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 reissued a “hold” rating and issued a $66.00 target price on shares of Ventas in a research note on Tuesday, August 29th. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $63.38.
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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