OppenheimerFunds Inc. boosted its position in Ventas, Inc. (NYSE:VTR) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,098 shares of the real estate investment trust’s stock after acquiring an additional 6,002 shares during the quarter. OppenheimerFunds Inc.’s holdings in Ventas were worth $6,099,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Legacy Advisors LLC increased its stake in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,967 shares during the last quarter. Howe & Rusling Inc. increased its stake in Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Summit Trail Advisors LLC increased its stake in Ventas by 3,729.4% in the first quarter. Summit Trail Advisors LLC now owns 159,648 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 155,479 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 2,341 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Ventas in the second quarter valued at approximately $188,000. 84.30% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction on Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.
Shares of VTR traded down $0.05 during mid-day trading on Friday, reaching $53.31. 3,034,139 shares of the company’s stock were exchanged, compared to its average volume of 2,477,542. Ventas, Inc. has a 52-week low of $46.55 and a 52-week high of $65.72. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. The firm has a market cap of $19.38 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.41 and a beta of 0.14.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Ventas had a net margin of 34.00% and a return on equity of 5.02%. The firm had revenue of $942.30 million for the quarter, compared to analyst estimates of $919.95 million. During the same period last year, the firm posted $0.42 EPS. Ventas’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Ventas, Inc. will post 4.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were given a $0.79 dividend. The ex-dividend date was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a yield of 5.93%. Ventas’s dividend payout ratio (DPR) is 75.96%.
A number of equities analysts have recently issued reports on VTR shares. Jefferies Financial Group restated a “$57.33” rating and set a $61.00 target price on shares of Ventas in a research report on Wednesday, July 18th. TheStreet upgraded shares of Ventas from a “c+” rating to a “b-” rating in a research report on Thursday, July 5th. Royal Bank of Canada set a $61.00 target price on shares of Ventas and gave the stock a “buy” rating in a research report on Tuesday, July 31st. SunTrust Banks restated a “hold” rating and set a $58.00 target price on shares of Ventas in a research report on Tuesday, July 31st. Finally, Cantor Fitzgerald restated a “hold” rating and set a $56.00 target price on shares of Ventas in a research report on Friday, July 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.33.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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