Investment Centers of America Inc. Sells 4,884 Shares of Ventas, Inc. (VTR)
Investment Centers of America Inc. trimmed its holdings in Ventas, Inc. (NYSE:VTR) by 13.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,836 shares of the real estate investment trust’s stock after selling 4,884 shares during the period. Investment Centers of America Inc.’s holdings in Ventas were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. BT Investment Management Ltd purchased a new position in Ventas in the 2nd quarter valued at approximately $7,660,000. Amalgamated Bank grew its stake in Ventas by 60.8% in the 2nd quarter. Amalgamated Bank now owns 39,505 shares of the real estate investment trust’s stock valued at $2,745,000 after buying an additional 14,931 shares in the last quarter. BlackRock Inc. grew its stake in Ventas by 1.8% in the 2nd quarter. BlackRock Inc. now owns 37,205,113 shares of the real estate investment trust’s stock valued at $2,585,012,000 after buying an additional 671,502 shares in the last quarter. Comerica Securities Inc. grew its stake in Ventas by 8.2% in the 2nd quarter. Comerica Securities Inc. now owns 4,222 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 319 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in Ventas by 6.9% in the 2nd quarter. Norinchukin Bank The now owns 24,627 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 1,584 shares in the last quarter. Institutional investors and hedge funds own 89.36% of the company’s stock.
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Ventas, Inc. (NYSE:VTR) traded up 0.19% on Friday, hitting $69.07. 915,747 shares of the stock were exchanged. The firm has a market cap of $24.60 billion, a P/E ratio of 34.99 and a beta of 0.08. The company has a 50-day moving average of $67.24 and a 200 day moving average of $66.21. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $73.23.
Ventas (NYSE:VTR) last announced its quarterly earnings data 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. The firm had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Equities research analysts expect that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.775 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $3.10 annualized dividend and a dividend yield of 4.50%. Ventas’s payout ratio is 157.36%.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Ventas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $64.57.
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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