DT Investment Partners LLC boosted its stake in shares of Ventas Inc. (NYSE:VTR) by 19.2% during the second quarter, Holdings Channel reports. The institutional investor owned 12,528 shares of the real estate investment trust’s stock after buying an additional 2,017 shares during the period. DT Investment Partners LLC’s holdings in Ventas were worth $912,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC increased its stake in shares of Ventas by 48.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,542 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Ventas by 33.6% in the second quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 474 shares in the last quarter. Washington Trust Bank increased its stake in shares of Ventas by 12.7% in the second quarter. Washington Trust Bank now owns 2,048 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 230 shares in the last quarter. Financial Architects Inc increased its stake in shares of Ventas by 120.6% in the second quarter. Financial Architects Inc now owns 2,713 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,483 shares in the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in shares of Ventas during the second quarter valued at approximately $206,000. Institutional investors own 89.37% of the company’s stock.
Ventas Inc. (NYSE:VTR) traded up 1.17% during trading on Tuesday, hitting $67.66. 1,369,849 shares of the stock were exchanged. The company has a 50-day moving average price of $69.90 and a 200 day moving average price of $69.07. Ventas Inc. has a 1-year low of $46.87 and a 1-year high of $76.80. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 52.09 and a beta of 0.31.
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, hitting the Zacks’ consensus estimate of $1.04. The company had revenue of $848.50 million for the quarter, compared to analysts’ expectations of $845.40 million. Ventas had a net margin of 13.05% and a return on equity of 4.81%. Ventas’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Equities analysts predict that Ventas Inc. will post $4.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Tuesday, September 13th. Ventas’s dividend payout ratio (DPR) is 224.62%.
A number of research firms recently issued reports on VTR. Zacks Investment Research downgraded shares of Ventas from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Raymond James Financial Inc. began coverage on shares of Ventas in a report on Tuesday, July 26th. They set a “market perform” rating for the company. Citigroup Inc. raised their price objective on shares of Ventas from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. BMO Capital Markets restated a “market perform” rating and set a $69.00 price objective on shares of Ventas in a report on Wednesday, July 6th. Finally, Barclays PLC restated a “hold” rating and set a $64.00 price objective on shares of Ventas in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Ventas has a consensus rating of “Hold” and an average price target of $67.00.
In other Ventas news, EVP T Richard Riney sold 169,450 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 176,170 shares of the company’s stock, valued at approximately $12,856,886.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory R. Liebbe sold 6,943 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $73.20, for a total value of $508,227.60. Following the completion of the transaction, the senior vice president now directly owns 7,585 shares of the company’s stock, valued at approximately $555,222. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
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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