Dimensional Fund Advisors LP Has $342.13 Million Stake in Ventas, Inc. (VTR)
Dimensional Fund Advisors LP grew its position in Ventas, Inc. (NYSE:VTR) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,924,127 shares of the real estate investment trust’s stock after acquiring an additional 138,624 shares during the period. Dimensional Fund Advisors LP owned about 1.38% of Ventas worth $342,127,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of VTR. Cribstone Capital Management LLC boosted its holdings in shares of Ventas by 1.5% in 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 acquiring an additional 28 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Ventas by 48.0% in 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 acquiring an additional 650 shares in the last quarter. Northern Capital Management LLC purchased a new stake in shares of Ventas in the second quarter valued at about $202,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Ventas in the second quarter valued at about $203,000. Finally, Strategic Financial Group LLC purchased a new stake in shares of Ventas in the second quarter valued at about $208,000. 89.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ventas, Inc. (VTR) traded down 2.19% during mid-day trading on Friday, hitting $66.04. 1,901,963 shares of the company traded hands. The firm has a 50-day moving average price of $67.37 and a 200 day moving average price of $66.32. The firm has a market cap of $23.52 billion, a price-to-earnings ratio of 33.45 and a beta of 0.08. Ventas, Inc. has a 52-week low of $56.20 and a 52-week high of $73.23.
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 firm had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. Ventas had a net margin of 20.08% and a return on equity of 6.31%. Ventas’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities research analysts anticipate that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be given a $0.775 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a yield of 4.69%. Ventas’s dividend payout ratio is presently 157.36%.
Several brokerages have recently weighed in on VTR. Bank of America Corporation downgraded shares of Ventas from a “buy” rating to a “neutral” rating and lowered their target price for the company from $72.00 to $71.00 in a report on Friday. KeyCorp reaffirmed a “sell” rating and issued a $55.00 target price on shares of Ventas in a report on Sunday, September 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Finally, BidaskClub raised shares of Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Ventas presently has an average rating of “Hold” and an average price target of $64.22.
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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