Ventas, Inc. (VTR) Shares Bought by Martingale Asset Management L P
Martingale Asset Management L P raised its position in shares of Ventas, Inc. (NYSE:VTR) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,987 shares of the real estate investment trust’s stock after purchasing an additional 28,500 shares during the period. Martingale Asset Management L P owned about 0.07% of Ventas worth $16,675,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Cribstone Capital Management LLC increased its holdings in shares of Ventas by 1.5% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Ventas by 48.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 650 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Ventas by 2.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 65 shares during the period. Trust Co. of Virginia VA purchased a new position in shares of Ventas in the 1st quarter valued at $202,000. Finally, Northern Capital Management LLC purchased a new position in shares of Ventas in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 89.36% of the company’s stock.
A number of research analysts have recently issued reports on VTR shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. 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 issued a “hold” rating and a $67.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Finally, Mizuho reiterated 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, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and an average target price of $64.57.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’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 sale, the chairman now directly owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
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Ventas, Inc. (NYSE VTR) opened at 68.76 on Monday. The stock has a market capitalization of $24.49 billion, a P/E ratio of 34.83 and a beta of 0.08. The company’s 50-day moving average price is $67.17 and its 200 day moving average price is $66.06. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $73.23.
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, beating the Zacks’ 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 company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same period last year, the firm earned $0.42 earnings per share. Ventas’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio is presently 157.36%.
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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