Global Wealth Management Investment Advisory Inc. boosted its position in Ventas, Inc. (NYSE:VTR) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,471 shares of the real estate investment trust’s stock after buying an additional 839 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Ventas were worth $1,194,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Hoylecohen LLC increased its stake in Ventas by 0.7% in the first quarter. Hoylecohen LLC now owns 80,145 shares of the real estate investment trust’s stock valued at $5,114,000 after purchasing an additional 560 shares in the last quarter. Intrust Bank NA bought a new stake in Ventas in the first quarter valued at $200,000. Achmea Investment Management B.V. increased its stake in Ventas by 34.9% in the second quarter. Achmea Investment Management B.V. now owns 38,751 shares of the real estate investment trust’s stock valued at $2,648,000 after purchasing an additional 10,028 shares in the last quarter. Piedmont Investment Advisors Inc. increased its stake in Ventas by 8.5% in the first quarter. Piedmont Investment Advisors Inc. now owns 5,752 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 452 shares in the last quarter. Finally, Coastal Investment Advisors Inc. increased its stake in Ventas by 530.6% in the second quarter. Coastal Investment Advisors Inc. now owns 5,076 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 4,271 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.
In other news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $72.54, for a total transaction of $725,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.
Shares of NYSE:VTR traded down $0.29 during midday trading on Monday, hitting $73.36. 465,505 shares of the company’s stock were exchanged, compared to its average volume of 1,902,536. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50 day moving average price of $72.68 and a 200-day moving average price of $66.92. The company has a market cap of $27.47 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 6.37 and a beta of 0.23. Ventas, Inc. has a 12 month low of $51.80 and a 12 month high of $75.40.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.38). The business had revenue of $950.70 million for the quarter, compared to the consensus estimate of $931.16 million. Ventas had a return on equity of 4.78% and a net margin of 13.34%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current fiscal year.
The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.7925 per share. This represents a dividend yield of 4.4%. The ex-dividend date is Monday, September 30th. Ventas’s payout ratio is presently 77.89%.
Several equities research analysts have weighed in on VTR shares. Mitsubishi UFJ Financial Group lifted their price target on shares of Ventas to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, June 19th. ValuEngine downgraded shares of Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised shares of Ventas from a “hold” rating to a “buy” rating and lifted their price target for the company from $65.00 to $74.00 in a research note on Wednesday, June 19th. Citigroup raised shares of Ventas from a “neutral” rating to a “buy” rating and lifted their price target for the company from $67.00 to $76.00 in a research note on Wednesday, June 19th. Finally, BMO Capital Markets reissued a “hold” rating and set a $73.00 target price on shares of Ventas in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.50.
Ventas Company Profile
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, and health systems.
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