Sand Hill Global Advisors LLC bought a new stake in Ventas, Inc. (NYSE:VTR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,505 shares of the real estate investment trust’s stock, valued at approximately $382,000.
Several other hedge funds and other institutional investors have also modified their holdings of VTR. BlackRock Inc. increased its position in Ventas by 2,360.9% during the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after purchasing an additional 35,049,052 shares during the last quarter. Lasalle Investment Management Securities LLC increased its position in Ventas by 1,760.8% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock worth $177,555,000 after purchasing an additional 2,583,233 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ventas by 102.9% during the second quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after purchasing an additional 2,049,815 shares during the last quarter. American Century Companies Inc. acquired a new stake in Ventas during the second quarter worth about $82,604,000. Finally, Vanguard Group Inc. increased its position in Ventas by 2.2% during the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after purchasing an additional 1,110,305 shares during the last quarter. Institutional investors and hedge funds own 89.17% of the company’s stock.
Ventas, Inc. (VTR) opened at 66.04 on Friday. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $73.23. The company has a 50-day moving average of $67.37 and a 200-day moving average of $66.32. The stock has a market cap of $23.52 billion, a P/E ratio of 33.45 and a beta of 0.08.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. On average, analysts predict that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.69%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio is 157.36%.
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VTR has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. BidaskClub cut shares of Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and set a $66.00 price target on shares of Ventas in a research report on Tuesday, August 29th. Finally, Mizuho reiterated a “neutral” rating on shares of Ventas in a research report 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 company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.38.
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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