Good Life Advisors LLC Purchases 31 Shares of Ventas, Inc. (VTR)
Good Life Advisors LLC boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,023 shares of the real estate investment trust’s stock after buying an additional 31 shares during the period. Good Life Advisors LLC’s holdings in Ventas were worth $271,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC increased its stake in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 65 shares during the period. Trust Co. of Virginia VA purchased a new stake in Ventas during the first quarter valued at $202,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Ventas during the second quarter valued at $203,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Ventas during the first quarter valued at $207,000. 89.36% of the stock is currently owned by institutional investors.
Ventas, Inc. (NYSE:VTR) opened at 68.13 on Thursday. The firm’s 50-day moving average price is $67.04 and its 200 day moving average price is $65.64. The firm has a market capitalization of $24.26 billion, a P/E ratio of 34.51 and a beta of 0.07. Ventas, Inc. has a one year low of $56.20 and a one year high of $74.48.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. The firm had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. On average, equities analysts anticipate that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.775 per share. The ex-dividend date is Monday, September 11th. This represents a $3.10 annualized dividend and a yield of 4.55%. Ventas’s payout ratio is 157.36%.
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Several equities research analysts recently weighed in on VTR shares. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Mitsubishi UFJ Financial Group started coverage on Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and set a $66.00 price objective on shares of Ventas in a report on Tuesday. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.57.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the transaction, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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