AMP Capital Investors Ltd reduced its holdings in Ventas, Inc. (NYSE:VTR) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 433,333 shares of the real estate investment trust’s stock after selling 14,041 shares during the quarter. AMP Capital Investors Ltd’s holdings in Ventas were worth $24,678,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Ventas by 2.1% in the first quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock worth $1,911,493,000 after acquiring an additional 795,890 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of Ventas by 14.7% in the second quarter. Federated Investors Inc. PA now owns 6,478,668 shares of the real estate investment trust’s stock worth $368,960,000 after acquiring an additional 828,577 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ventas by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 5,565,817 shares of the real estate investment trust’s stock worth $316,972,000 after acquiring an additional 98,926 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ventas by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,376,703 shares of the real estate investment trust’s stock worth $306,207,000 after acquiring an additional 80,655 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in shares of Ventas by 101.5% in the second quarter. Centersquare Investment Management LLC now owns 3,952,742 shares of the real estate investment trust’s stock worth $225,108,000 after acquiring an additional 1,990,849 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.
NYSE:VTR opened at $58.85 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.97. The stock has a market cap of $21.36 billion, a P/E ratio of 14.25, a PEG ratio of 3.92 and a beta of 0.12. Ventas, Inc. has a 52-week low of $46.55 and a 52-week high of $69.92.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The business had revenue of $942.30 million during the quarter, compared to the consensus estimate of $919.95 million. Ventas had a return on equity of 5.02% and a net margin of 34.00%. Ventas’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. research analysts predict that Ventas, Inc. will post 4.05 earnings per share for the current year.
VTR has been the subject of several recent analyst reports. Evercore ISI downgraded Ventas from an “in-line” rating to an “underperform” rating in a report on Monday, May 21st. Cantor Fitzgerald initiated coverage on Ventas in a report on Sunday, June 3rd. They issued a “neutral” rating and a $56.00 price target for the company. SunTrust Banks restated a “hold” rating and issued a $58.00 price target on shares of Ventas in a report on Tuesday, July 31st. TheStreet upgraded Ventas from a “c+” rating to a “b-” rating in a report on Thursday, July 5th. Finally, Bank of America increased their price target on Ventas from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, July 10th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.07.
In other Ventas news, EVP T Richard Riney sold 13,708 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Debra A. Cafaro sold 30,942 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $58.00, for a total value of $1,794,636.00. Following the completion of the transaction, the chairman now owns 775,109 shares of the company’s stock, valued at $44,956,322. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
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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