Investec Asset Management LTD Has $15.05 Million Holdings in Ventas, Inc. (VTR)
Investec Asset Management LTD raised its position in shares of Ventas, Inc. (NYSE:VTR) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,583 shares of the real estate investment trust’s stock after buying an additional 2,300 shares during the quarter. Investec Asset Management LTD owned 0.06% of Ventas worth $15,048,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cribstone Capital Management LLC lifted its stake in Ventas by 1.5% during the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Ventas by 48.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 650 shares in the last quarter. Northern Capital Management LLC purchased a new stake in Ventas during the second quarter valued at about $202,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Ventas during the second quarter valued at about $203,000. Finally, Strategic Financial Group LLC purchased a new stake in Ventas during the second quarter valued at about $208,000. 89.17% of the stock is owned by institutional investors.
VTR has been the subject of a number of analyst reports. BidaskClub lowered shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 target price on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Finally, Mizuho reiterated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $63.38.
Shares of Ventas, Inc. (NYSE VTR) traded down 0.123% during midday trading on Tuesday, reaching $68.795. The company’s stock had a trading volume of 154,225 shares. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $73.23. The company has a 50-day moving average price of $67.35 and a 200-day moving average price of $66.29. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 34.851 and a beta of 0.08.
Ventas (NYSE:VTR) last announced its 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. The business had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Equities analysts expect that Ventas, Inc. will post $1.82 earnings per share for the current year.
The business 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 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is 157.36%.
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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