Amalgamated Bank Has $2.75 Million Holdings in Ventas, Inc. (VTR)
Amalgamated Bank boosted its position in Ventas, Inc. (NYSE:VTR) by 60.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,505 shares of the real estate investment trust’s stock after purchasing an additional 14,931 shares during the period. Amalgamated Bank’s holdings in Ventas were worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Architects Inc lifted its stake in Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 12 shares during the last quarter. Good Life Advisors LLC lifted its stake in Ventas by 0.4% in the first quarter. Good Life Advisors LLC now owns 3,992 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 17 shares during the last quarter. Wagner Bowman Management Corp lifted its stake in Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 26 shares during the last quarter. CAPROCK Group Inc. lifted its stake in Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock worth $640,000 after purchasing an additional 27 shares during the last quarter. Finally, Cribstone Capital Management LLC lifted 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 worth $134,000 after purchasing an additional 28 shares during the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research note on Tuesday, August 29th. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Ventas presently has a consensus rating of “Hold” and a consensus price target of $64.57.
Ventas, Inc. (VTR) opened at 69.36 on Friday. The company’s 50-day moving average is $67.30 and its 200 day moving average is $66.24. Ventas, Inc. has a one year low of $56.20 and a one year high of $73.23. The stock 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 released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. Equities analysts expect that Ventas, Inc. will post $1.82 EPS for the current year.
The firm also recently announced 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. The ex-dividend date is Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a yield of 4.47%. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
Ventas Company Profile
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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