QS Investors LLC Buys 7,600 Shares of Ventas, Inc. (VTR)
QS Investors LLC grew its stake in shares of Ventas, Inc. (NYSE:VTR) by 30.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,823 shares of the real estate investment trust’s stock after purchasing an additional 7,600 shares during the quarter. QS Investors LLC’s holdings in Ventas were worth $2,281,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of VTR. Vanguard Group Inc. lifted its stake in shares of Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after acquiring an additional 1,110,305 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Ventas by 1.8% in the second quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock worth $2,585,012,000 after acquiring an additional 671,502 shares in the last quarter. State Street Corp lifted its stake in shares of Ventas by 1.6% in the first quarter. State Street Corp now owns 20,913,886 shares of the real estate investment trust’s stock worth $1,360,246,000 after acquiring an additional 333,064 shares in the last quarter. FMR LLC lifted its stake in shares of Ventas by 2.1% in the first quarter. FMR LLC now owns 20,832,215 shares of the real estate investment trust’s stock worth $1,354,927,000 after acquiring an additional 437,961 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after acquiring an additional 184,874 shares in the last quarter. Institutional investors own 89.18% of the company’s stock.
Shares of Ventas, Inc. (VTR) opened at 63.34 on Friday. Ventas, Inc. has a one year low of $56.20 and a one year high of $72.36. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of 32.09 and a beta of 0.08. The company has a 50-day moving average price of $67.13 and a 200 day moving average price of $66.66.
Ventas (NYSE:VTR) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $890.01 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 12th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Monday, September 11th. Ventas’s payout ratio is presently 157.36%.
Several research firms recently commented on VTR. BidaskClub cut Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. UBS AG cut their price target on Ventas from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. 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, Bank of America Corporation cut Ventas from a “buy” rating to a “neutral” rating and cut their price target for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $63.70.
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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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