Gulf International Bank UK Ltd raised its stake in Ventas, Inc. (NYSE:VTR) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,386 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the period. Gulf International Bank UK Ltd’s holdings in Ventas were worth $6,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in Ventas by 0.4% in the first quarter. Principal Financial Group Inc. now owns 548,783 shares of the real estate investment trust’s stock worth $27,181,000 after purchasing an additional 1,915 shares in the last quarter. DnB Asset Management AS boosted its stake in Ventas by 3.7% in the second quarter. DnB Asset Management AS now owns 42,039 shares of the real estate investment trust’s stock worth $2,394,000 after purchasing an additional 1,500 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Ventas by 47.5% in the second quarter. IFM Investors Pty Ltd now owns 15,995 shares of the real estate investment trust’s stock worth $911,000 after purchasing an additional 5,152 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Ventas by 7.6% in the second quarter. Xact Kapitalforvaltning AB now owns 76,006 shares of the real estate investment trust’s stock worth $4,329,000 after purchasing an additional 5,343 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Ventas by 6.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 103,645 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 6,446 shares in the last quarter. 84.54% of the stock is owned by institutional investors.
A number of equities analysts have commented on VTR shares. Royal Bank of Canada lowered Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective on the stock. in a research note on Friday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $58.00 price target on shares of Ventas in a research note on Tuesday, July 31st. Stifel Nicolaus set a $55.00 price target on Ventas and gave the company a “hold” rating in a research note on Monday, October 29th. ValuEngine raised Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, TheStreet lowered Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.46.
NYSE VTR opened at $60.07 on Friday. The stock has a market capitalization of $21.01 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.37 and a beta of -0.02. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.00. Ventas, Inc. has a 12 month low of $46.55 and a 12 month high of $65.72.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $936.54 million during the quarter, compared to the consensus estimate of $920.19 million. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. On average, equities research analysts predict that Ventas, Inc. will post 4.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were issued a $0.79 dividend. The ex-dividend date was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a yield of 5.26%. Ventas’s dividend payout ratio is presently 75.96%.
In related news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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