Linscomb & Williams Inc. Has $3.35 Million Holdings in Ventas, Inc. (VTR)
Linscomb & Williams Inc. raised its position in shares of Ventas, Inc. (NYSE:VTR) by 5.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,269 shares of the real estate investment trust’s stock after purchasing an additional 2,323 shares during the quarter. Linscomb & Williams Inc.’s holdings in Ventas were worth $3,354,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Ventas by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock valued at $3,318,724,000 after purchasing an additional 1,110,305 shares in the last quarter. BlackRock Inc. increased its stake in Ventas by 1.8% during the 2nd quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock valued at $2,585,012,000 after purchasing an additional 671,502 shares in the last quarter. State Street Corp increased its stake in Ventas by 1.6% during the 1st quarter. State Street Corp now owns 20,913,886 shares of the real estate investment trust’s stock valued at $1,360,246,000 after purchasing an additional 333,064 shares in the last quarter. FMR LLC increased its stake in Ventas by 2.1% during the 1st quarter. FMR LLC now owns 20,832,215 shares of the real estate investment trust’s stock valued at $1,354,927,000 after purchasing an additional 437,961 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Ventas by 1.0% during the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock valued at $1,185,477,000 after purchasing an additional 184,874 shares in the last quarter. Institutional investors and hedge funds own 89.17% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Ventas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Mizuho restated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective for the company. KeyCorp restated a “sell” rating and set a $55.00 price objective on shares of Ventas in a research note on Sunday, September 17th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Ventas presently has an average rating of “Hold” and a consensus price target of $63.70.
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Shares of Ventas, Inc. (NYSE VTR) traded up 0.05% during mid-day trading on Wednesday, hitting $63.29. 522,195 shares of the stock were exchanged. The stock’s 50 day moving average is $66.93 and its 200-day moving average is $66.73. The stock has a market cap of $22.54 billion, a PE ratio of 32.46 and a beta of 0.08. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $72.36.
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, 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 firm had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Ventas, Inc. will post $1.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $3.10 annualized dividend and a dividend yield of 4.90%. Ventas’s dividend payout ratio (DPR) is currently 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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