Gotham Asset Management LLC Boosts Stake in Ventas, Inc. (VTR)
Gotham Asset Management LLC grew its position in Ventas, Inc. (NYSE:VTR) by 33.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,719 shares of the real estate investment trust’s stock after purchasing an additional 1,440 shares during the quarter. Gotham Asset Management LLC’s holdings in Ventas were worth $397,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position 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 valued at $2,585,012,000 after purchasing an additional 671,502 shares during the last quarter. State Street Corp grew its position 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 valued at $1,360,246,000 after purchasing an additional 333,064 shares during the last quarter. Bank of America Corp DE grew its position 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 valued at $1,185,477,000 after purchasing an additional 184,874 shares during the last quarter. APG Asset Management US Inc. grew its position in shares of Ventas by 1.0% in the second quarter. APG Asset Management US Inc. now owns 14,288,263 shares of the real estate investment trust’s stock valued at $992,749,000 after purchasing an additional 147,912 shares during the last quarter. Finally, Federated Investors Inc. PA grew its position in shares of Ventas by 2.2% in the second quarter. Federated Investors Inc. PA now owns 6,422,802 shares of the real estate investment trust’s stock valued at $446,256,000 after purchasing an additional 136,293 shares during the last quarter. 89.16% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a “sell” rating and issued a $62.00 target price on shares of Ventas in a research report on Wednesday. BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Bank of America Corporation cut Ventas from a “buy” rating to a “neutral” rating and cut their price target for the company from $72.00 to $71.00 in a research note on Friday, September 22nd. Finally, KeyCorp reiterated a “sell” rating and issued a $55.00 price target on shares of Ventas in a research note on Sunday, September 17th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.90.
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Shares of Ventas, Inc. (NYSE VTR) opened at 63.00 on Friday. The company has a market capitalization of $22.44 billion, a PE ratio of 31.91 and a beta of 0.08. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $72.36. The firm’s 50-day moving average price is $65.88 and its 200 day moving average price is $66.62.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 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 during the quarter, compared to the consensus estimate of $890.01 million. During the same period last year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that Ventas, Inc. will post $1.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.92%. The ex-dividend date was Monday, September 11th. Ventas’s payout ratio is 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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