Amundi Pioneer Asset Management Inc. increased its holdings in shares of Ventas, Inc. (NYSE:VTR) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 915,950 shares of the real estate investment trust’s stock after buying an additional 2,794 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.26% of Ventas worth $58,445,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of VTR. Cornerstone Advisors Inc. grew its holdings in shares of Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Ventas during the first quarter valued at $26,000. Heritage Wealth Advisors grew its holdings in shares of Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 178 shares in the last quarter. Investors Research Corp purchased a new position in shares of Ventas during the first quarter valued at $32,000. Finally, Marino Stram & Associates LLC acquired a new stake in Ventas during the first quarter valued at $33,000. Institutional investors and hedge funds own 87.09% of the company’s stock.
In other Ventas news, Chairman Debra A. Cafaro sold 68,084 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.54, for a total value of $4,530,309.36. Following the completion of the sale, the chairman now owns 805,835 shares of the company’s stock, valued at $53,620,260.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Debra A. Cafaro sold 68,080 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the sale, the chairman now directly owns 741,358 shares of the company’s stock, valued at approximately $51,183,356.32. The disclosure for this sale can be found here. Insiders sold 165,866 shares of company stock valued at $11,323,058 in the last ninety days. Insiders own 1.40% of the company’s stock.
A number of analysts recently issued reports on the company. Bank of America reissued a “neutral” rating and set a $72.50 price objective (up previously from $67.00) on shares of Ventas in a research report on Friday, June 21st. BMO Capital Markets reissued a “market perform” rating and set a $73.00 price objective on shares of Ventas in a research report on Wednesday, June 19th. Mitsubishi UFJ Financial Group lifted their price objective on Ventas to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, June 19th. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their price objective on Ventas to $71.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.82.
Shares of NYSE:VTR opened at $69.42 on Friday. Ventas, Inc. has a fifty-two week low of $51.80 and a fifty-two week high of $73.74. The business has a 50-day moving average of $65.66. The firm has a market capitalization of $24.89 billion, a PE ratio of 17.06, a P/E/G ratio of 4.53 and a beta of 0.23. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The company had revenue of $942.80 million during the quarter, compared to analysts’ expectations of $908.61 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Ventas, Inc. will post 3.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be given a $0.7925 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.57%. Ventas’s dividend payout ratio is currently 77.89%.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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