Ventas, Inc. (VTR) Position Boosted by Norinchukin Bank The
Norinchukin Bank The boosted its position in shares of Ventas, Inc. (NYSE:VTR) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,627 shares of the real estate investment trust’s stock after acquiring an additional 1,584 shares during the period. Norinchukin Bank The’s holdings in Ventas were worth $1,711,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of VTR. UBS Asset Management Americas Inc. grew its stake in Ventas by 9.6% during the first quarter. UBS Asset Management Americas Inc. now owns 1,608,326 shares of the real estate investment trust’s stock valued at $104,606,000 after acquiring an additional 141,155 shares in the last quarter. Karp Capital Management Corp purchased a new position in Ventas during the first quarter valued at approximately $6,127,000. TD Asset Management Inc. grew its stake in Ventas by 0.6% during the first quarter. TD Asset Management Inc. now owns 126,200 shares of the real estate investment trust’s stock valued at $8,208,000 after acquiring an additional 780 shares in the last quarter. Flippin Bruce & Porter Inc. grew its stake in Ventas by 11.2% during the first quarter. Flippin Bruce & Porter Inc. now owns 78,791 shares of the real estate investment trust’s stock valued at $5,125,000 after acquiring an additional 7,945 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in Ventas by 1.1% during the first quarter. Wedbush Securities Inc. now owns 15,566 shares of the real estate investment trust’s stock valued at $1,012,000 after acquiring an additional 167 shares in the last quarter. 89.36% of the stock is owned by institutional investors.
Several brokerages have issued reports on VTR. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. BidaskClub lowered shares of Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mitsubishi UFJ Financial Group began coverage on shares of Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and set a $66.00 target price on shares of Ventas in a research report on Tuesday, August 29th. Finally, Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. 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. Ventas presently has a consensus rating of “Hold” and a consensus target price of $64.57.
Shares of Ventas, Inc. (VTR) opened at 69.36 on Friday. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $73.23. The firm’s 50-day moving average is $67.30 and its 200 day moving average is $66.24. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of 35.14 and a beta of 0.08.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Ventas, Inc. will post $1.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is currently 157.36%.
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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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