Employees Retirement System of Texas Has $17.51 Million Holdings in Ventas, Inc. (VTR)
Employees Retirement System of Texas grew its position in shares of Ventas, Inc. (NYSE:VTR) by 89.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252,000 shares of the real estate investment trust’s stock after purchasing an additional 118,800 shares during the quarter. Employees Retirement System of Texas owned about 0.07% of Ventas worth $17,509,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its holdings in Ventas by 4.0% during the 2nd quarter. HighTower Advisors LLC now owns 106,242 shares of the real estate investment trust’s stock worth $7,396,000 after purchasing an additional 4,091 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Ventas by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,612 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 47 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in Ventas by 315.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 778,201 shares of the real estate investment trust’s stock worth $54,069,000 after purchasing an additional 591,001 shares during the last quarter. QS Investors LLC raised its holdings in Ventas by 30.1% during the 2nd quarter. QS Investors LLC now owns 32,823 shares of the real estate investment trust’s stock worth $2,281,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Ventas by 5.0% during the 2nd quarter. Stifel Financial Corp now owns 90,652 shares of the real estate investment trust’s stock worth $6,298,000 after purchasing an additional 4,324 shares during the last quarter. Hedge funds and other institutional investors own 89.17% of the company’s stock.
Ventas, Inc. (NYSE:VTR) traded down 0.43% during mid-day trading on Friday, reaching $65.13. 1,561,294 shares of the company traded hands. The company’s 50-day moving average is $67.37 and its 200-day moving average is $66.32. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $73.23. The stock has a market capitalization of $23.20 billion, a price-to-earnings ratio of 32.99 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. The business had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. Equities analysts predict that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were issued a $0.775 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a yield of 4.76%. Ventas’s dividend payout ratio (DPR) is 157.36%.
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Several analysts have recently weighed in on VTR shares. BidaskClub lowered shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. KeyCorp reiterated a “sell” rating and issued a $55.00 price objective on shares of Ventas in a research note on Sunday, September 17th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Finally, Mitsubishi UFJ Financial Group started 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. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.70.
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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