Retirement Systems of Alabama boosted its stake in Ventas Inc. (NYSE:VTR) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 172,383 shares of the real estate investment trust’s stock after buying an additional 2,362 shares during the period. Retirement Systems of Alabama’s holdings in Ventas were worth $12,553,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. boosted its position in Ventas by 1,167.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 903,604 shares of the real estate investment trust’s stock valued at $65,801,000 after buying an additional 832,300 shares during the last quarter. Bank of Montreal Can purchased a new position in Ventas during the second quarter valued at $38,153,000. PGGM Investments boosted its position in Ventas by 12.6% in the second quarter. PGGM Investments now owns 3,780,117 shares of the real estate investment trust’s stock valued at $275,268,000 after buying an additional 423,733 shares during the last quarter. BlackRock Fund Advisors boosted its position in 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 valued at $699,924,000 after buying an additional 416,351 shares during the last quarter. Finally, State Street Corp boosted its position in 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 valued at $1,204,591,000 after buying an additional 263,151 shares during the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.
Ventas Inc. (NYSE:VTR) traded down 2.04% on Monday, reaching $69.19. 2,157,851 shares of the company’s stock were exchanged. Ventas Inc. has a 12 month low of $46.87 and a 12 month high of $76.80. The firm’s 50-day moving average is $71.78 and its 200-day moving average is $68.76. The firm has a market cap of $24.31 billion, a PE ratio of 53.26 and a beta of 0.31.
Ventas (NYSE:VTR) last issued its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Ventas had a net margin of 13.05% and a return on equity of 4.81%. The firm earned $848.50 million during the quarter, compared to the consensus estimate of $845.40 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Ventas Inc. will post $4.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Tuesday, September 13th. Ventas’s dividend payout ratio is 224.62%.
Several equities analysts have weighed in on VTR shares. Zacks Investment Research upgraded shares of Ventas from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Tuesday, July 26th. Mizuho reissued a “buy” rating and set a $84.00 target price (up previously from $82.00) on shares of Ventas in a research note on Monday, August 1st. Barclays PLC reissued a “hold” rating and set a $64.00 target price on shares of Ventas in a research note on Thursday, July 7th. Hilliard Lyons lowered shares of Ventas from a “neutral” rating to an “underperform” rating in a research note on Monday, August 1st. Finally, Argus reissued a “hold” rating on shares of Ventas in a research note on Monday, August 29th. One investment 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.
In other news, SVP Gregory R. Liebbe sold 6,943 shares of the stock in a transaction on Friday, August 19th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Cobb sold 60,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $75.05, for a total transaction of $4,503,000.00. Following the sale, the executive vice president now directly owns 66,256 shares of the company’s stock, valued at approximately $4,972,512.80. 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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