Raymond James Trust N.A. lifted its stake in Ventas, Inc. (NYSE:VTR) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 26,169 shares of the real estate investment trust’s stock after purchasing an additional 481 shares during the quarter. Raymond James Trust N.A.’s holdings in Ventas were worth $1,670,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Ventas by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after acquiring an additional 1,331,028 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ventas by 23.0% during the third quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock worth $372,410,000 after acquiring an additional 1,282,487 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Ventas by 182.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,189 shares of the real estate investment trust’s stock worth $1,043,000 after acquiring an additional 12,404 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Ventas during the third quarter worth about $495,000. Finally, Vident Investment Advisory LLC raised its position in Ventas by 35.6% during the third quarter. Vident Investment Advisory LLC now owns 30,828 shares of the real estate investment trust’s stock worth $1,676,000 after acquiring an additional 8,086 shares during the last quarter. Hedge funds and other institutional investors own 88.50% of the company’s stock.
VTR has been the subject of a number of research reports. Zacks Investment Research cut shares of Ventas from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. KeyCorp set a $55.00 target price on shares of Ventas and gave the stock a “sell” rating in a research report on Thursday, December 20th. BMO Capital Markets lifted their target price on shares of Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Deutsche Bank lifted their target price on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Finally, Morgan Stanley initiated coverage on shares of Ventas in a research report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.33.
Ventas stock opened at $62.10 on Tuesday. Ventas, Inc. has a 1 year low of $46.55 and a 1 year high of $65.70. The company has a market capitalization of $22.17 billion, a P/E ratio of 15.26, a P/E/G ratio of 8.57 and a beta of 0.32. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.04.
Ventas (NYSE:VTR) last released its earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The firm had revenue of $923.26 million during the quarter, compared to the consensus estimate of $913.92 million. During the same period in the previous year, the firm earned $1.03 earnings per share. Ventas’s revenue was up 3.1% compared to the same quarter last year. On average, research analysts predict that Ventas, Inc. will post 3.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a $0.7925 dividend. The ex-dividend date was Friday, March 29th. This represents a $3.17 dividend on an annualized basis and a yield of 5.10%. Ventas’s payout ratio is 77.89%.
In other Ventas news, Director James D. Shelton sold 5,940 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $64.79, for a total transaction of $384,852.60. Following the completion of the sale, the director now directly owns 46,860 shares in the company, valued at $3,036,059.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,464 shares of company stock valued at $6,900,138. 1.40% of the stock is owned by insiders.
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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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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