Rafferty Asset Management LLC cut its holdings in shares of Ventas, Inc. (NYSE:VTR) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,629 shares of the real estate investment trust’s stock after selling 8,714 shares during the quarter. Rafferty Asset Management LLC’s holdings in Ventas were worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTR. UBS Asset Management Americas Inc. grew its holdings in shares of Ventas by 9.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,608,326 shares of the real estate investment trust’s stock worth $104,606,000 after purchasing an additional 141,155 shares during the period. Sawtooth Solutions LLC grew its holdings in shares of Ventas by 71.0% during the 1st quarter. Sawtooth Solutions LLC now owns 10,315 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 4,283 shares during the period. Virginia Retirement Systems ET AL grew its holdings in shares of Ventas by 17.0% during the 1st quarter. Virginia Retirement Systems ET AL now owns 184,386 shares of the real estate investment trust’s stock worth $11,992,000 after purchasing an additional 26,800 shares during the period. Schnieders Capital Management LLC grew its holdings in shares of Ventas by 1.4% during the 1st quarter. Schnieders Capital Management LLC now owns 22,469 shares of the real estate investment trust’s stock worth $1,461,000 after purchasing an additional 300 shares during the period. Finally, CIBC World Markets Inc. grew its holdings in shares of Ventas by 47.8% during the 1st quarter. CIBC World Markets Inc. now owns 13,203 shares of the real estate investment trust’s stock worth $859,000 after purchasing an additional 4,273 shares during the period. Institutional investors and hedge funds own 89.17% of the company’s stock.
Shares of Ventas, Inc. (NYSE:VTR) traded up 0.22% during trading on Wednesday, reaching $68.35. The company had a trading volume of 67,645 shares. The firm has a 50-day moving average of $67.37 and a 200 day moving average of $66.32. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $73.23. The firm has a market capitalization of $24.34 billion, a price-to-earnings ratio of 34.63 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Ventas, Inc. will post $1.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
A number of equities analysts have recently weighed in on VTR shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. BidaskClub cut Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Mitsubishi UFJ Financial Group began coverage on Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Jefferies Group LLC restated a “hold” rating and set a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Finally, Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.38.
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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