Agran Libbie boosted its position in Ventas Inc. (NYSE:VTR) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 61,615 shares of the real estate investment trust’s stock after buying an additional 225 shares during the period. Agran Libbie’s holdings in Ventas were worth $4,487,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Ventas by 1.4% in the first quarter. State Street Corp now owns 19,132,595 shares of the real estate investment trust’s stock worth $1,204,591,000 after buying an additional 263,151 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Ventas by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 13,130,595 shares of the real estate investment trust’s stock worth $826,702,000 after buying an additional 184,972 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Ventas by 3.9% in the first quarter. BlackRock Fund Advisors now owns 11,116,958 shares of the real estate investment trust’s stock worth $699,924,000 after buying an additional 416,351 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Ventas by 0.5% in the first quarter. BlackRock Group LTD now owns 4,819,894 shares of the real estate investment trust’s stock worth $303,461,000 after buying an additional 25,202 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of Ventas by 12.6% in the second quarter. PGGM Investments now owns 3,780,117 shares of the real estate investment trust’s stock worth $275,268,000 after buying an additional 423,733 shares during the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.
Shares of Ventas Inc. (NYSE:VTR) traded up 1.35% on Wednesday, reaching $72.93. 1,933,115 shares of the company traded hands. Ventas Inc. has a one year low of $46.87 and a one year high of $76.80. The company has a market capitalization of $25.62 billion, a P/E ratio of 56.14 and a beta of 0.37. The firm’s 50 day moving average is $72.12 and its 200 day moving average is $68.47.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The business earned $848.50 million during the quarter, compared to the consensus estimate of $845.40 million. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Ventas Inc. will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Tuesday, September 13th. Ventas’s dividend payout ratio is currently 224.62%.
A number of brokerages recently issued reports on VTR. Zacks Investment Research raised shares of Ventas from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, July 20th. Mizuho boosted their target price on shares of Ventas from $71.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 6th. Citigroup Inc. boosted their target price on shares of Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Barclays PLC began coverage on shares of Ventas in a research report on Wednesday, June 1st. They set an “equal weight” rating and a $59.00 target price on the stock. Finally, Hilliard Lyons lowered shares of Ventas from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.00.
In other news, SVP Gregory R. Liebbe sold 6,943 shares of Ventas stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.20, for a total transaction of $508,227.60. Following the completion of the sale, the senior vice president now owns 7,585 shares of the company’s stock, valued at $555,222. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP T Richard Riney sold 169,450 shares of Ventas stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $72.98, for a total value of $12,366,461.00. Following the sale, the executive vice president now directly owns 176,170 shares of the company’s stock, valued at approximately $12,856,886.60. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Ventas, Inc is a healthcare 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 MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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