Stonebridge Capital Advisors LLC purchased a new stake in Ventas, Inc. (NYSE:VTR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,749 shares of the real estate investment trust’s stock, valued at approximately $120,000.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Ventas by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 47,600,392 shares of the real estate investment trust’s stock valued at $3,253,487,000 after acquiring an additional 823,797 shares during the period. BlackRock Inc. increased its position in Ventas by 0.4% in the 1st quarter. BlackRock Inc. now owns 36,891,328 shares of the real estate investment trust’s stock valued at $2,354,034,000 after acquiring an additional 158,707 shares during the period. Centersquare Investment Management LLC increased its position in Ventas by 397.7% in the 1st quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after acquiring an additional 15,497,390 shares during the period. Bank of New York Mellon Corp increased its position in Ventas by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,852,008 shares of the real estate investment trust’s stock valued at $468,335,000 after acquiring an additional 301,209 shares during the period. Finally, Northern Trust Corp increased its position in Ventas by 5.0% in the 2nd quarter. Northern Trust Corp now owns 6,373,127 shares of the real estate investment trust’s stock valued at $435,603,000 after acquiring an additional 304,431 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.
VTR has been the topic of a number of analyst reports. Barclays initiated coverage on Ventas in a report on Tuesday, September 3rd. They issued an “equal weight” rating and a $74.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Ventas to $71.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Mitsubishi UFJ Financial Group lifted their price objective on Ventas to $67.00 and gave the company a “neutral” rating in a report on Wednesday, June 19th. ValuEngine lowered Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $72.50 price objective (up previously from $67.00) on shares of Ventas in a report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.50.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.38). The firm had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $931.16 million. Ventas had a return on equity of 4.78% and a net margin of 13.34%. Ventas’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Equities analysts predict that Ventas, Inc. will post 3.84 earnings per share for the current year.
The company also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.7925 per share. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 30th. Ventas’s dividend payout ratio (DPR) is 77.89%.
In other news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $72.54, for a total transaction of $725,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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