AMG Funds LLC Has $1.80 Million Position in Ventas, Inc. (VTR)
AMG Funds LLC reduced its stake in Ventas, Inc. (NYSE:VTR) by 25.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,830 shares of the real estate investment trust’s stock after selling 8,892 shares during the quarter. AMG Funds LLC’s holdings in Ventas were worth $1,795,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTR. Geneva Advisors LLC purchased a new stake in Ventas in the 1st quarter valued at $219,000. DekaBank Deutsche Girozentrale raised its position in Ventas by 91.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 23,230 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 11,114 shares during the last quarter. Henderson Group PLC raised its position in Ventas by 1.6% in the 1st quarter. Henderson Group PLC now owns 49,408 shares of the real estate investment trust’s stock valued at $3,213,000 after buying an additional 800 shares during the last quarter. US Bancorp DE raised its position in Ventas by 2.4% in the 1st quarter. US Bancorp DE now owns 55,477 shares of the real estate investment trust’s stock valued at $3,609,000 after buying an additional 1,319 shares during the last quarter. Finally, Altfest L J & Co. Inc. raised its position in Ventas by 1.7% in the 1st quarter. Altfest L J & Co. Inc. now owns 23,729 shares of the real estate investment trust’s stock valued at $1,543,000 after buying an additional 397 shares during the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on VTR shares. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mizuho reissued a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research report on Wednesday. Mitsubishi UFJ Financial Group started coverage on Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target on shares of Ventas in a research report on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.57.
Shares of Ventas, Inc. (VTR) traded up 0.52% on Friday, reaching $69.39. The company’s stock had a trading volume of 246,443 shares. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 35.15 and a beta of 0.08. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $73.23. The stock has a 50-day moving average of $67.14 and a 200 day moving average of $66.03.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that Ventas, Inc. will post $1.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio is currently 157.36%.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the transaction, the chairman now owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
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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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