Whittier Trust Co. held its position in Ventas Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The fund owned 5,393 shares of the real estate investment trust’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Ventas were worth $392,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTR. NN Investment Partners Holdings N.V. bought a new position in Ventas during the first quarter valued at $4,490,000. Investec Asset Management LTD boosted its position in shares of Ventas by 1.2% in the first quarter. Investec Asset Management LTD now owns 218,583 shares of the real estate investment trust’s stock valued at $13,762,000 after buying an additional 2,500 shares in the last quarter. Aviva PLC boosted its position in shares of Ventas by 2.4% in the first quarter. Aviva PLC now owns 184,034 shares of the real estate investment trust’s stock valued at $11,587,000 after buying an additional 4,393 shares in the last quarter. Carnick & Kubik LLC acquired a new position in shares of Ventas during the first quarter valued at approximately $169,000. Finally, Credit Agricole S A boosted its position in shares of Ventas by 1.5% in the first quarter. Credit Agricole S A now owns 213,091 shares of the real estate investment trust’s stock valued at $13,416,000 after buying an additional 3,182 shares in the last quarter. 89.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ventas Inc. (NYSE:VTR) traded up 0.23% during trading on Thursday, hitting $66.65. 2,432,629 shares of the stock were exchanged. The stock’s 50 day moving average price is $70.43 and its 200 day moving average price is $68.94. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 51.31 and a beta of 0.31. Ventas Inc. has a 52 week low of $46.87 and a 52 week high of $76.80.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, meeting 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 period in the prior year, the company posted $1.18 EPS. On average, equities analysts predict that Ventas Inc. will post $4.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Tuesday, September 13th. Ventas’s payout ratio is currently 224.62%.
Several brokerages have recently commented on VTR. Argus began coverage on shares of Ventas in a report on Wednesday, July 13th. They set a “hold” rating on the stock. Raymond James Financial Inc. began coverage on shares of Ventas in a report on Tuesday, July 26th. They set a “market perform” rating on the stock. 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 report on Tuesday, July 12th. Citigroup Inc. raised their target price on shares of Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Finally, Mizuho raised their target price on shares of Ventas from $71.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $67.00.
In related news, EVP T Richard Riney sold 169,450 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $72.98, for a total transaction of $12,366,461.00. Following the sale, the executive vice president now owns 176,170 shares of the company’s stock, valued at approximately $12,856,886.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory R. Liebbe sold 6,943 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 7,585 shares in the company, valued at approximately $555,222. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Ventas Company Profile
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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