Metropolitan Life Insurance Co. NY lessened its stake in Ventas, Inc. (NYSE:VTR) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,042 shares of the real estate investment trustâs stock after selling 1,581 shares during the quarter. Metropolitan Life Insurance Co. NYâs holdings in Ventas were worth $4,160,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in Ventas by 45.3% in the second quarter. AE Wealth Management LLC now owns 12,390 shares of the real estate investment trustâs stock valued at $706,000 after buying an additional 3,860 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Ventas by 1,748.2% during the second quarter. Tower Research Capital LLC TRC now owns 39,127 shares of the real estate investment trustâs stock worth $2,229,000 after purchasing an additional 37,010 shares in the last quarter. Adelante Capital Management LLC lifted its position in shares of Ventas by 800.7% during the second quarter. Adelante Capital Management LLC now owns 954,985 shares of the real estate investment trustâs stock worth $54,386,000 after purchasing an additional 848,960 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of Ventas by 140.9% during the second quarter. Vident Investment Advisory LLC now owns 22,742 shares of the real estate investment trustâs stock worth $1,295,000 after purchasing an additional 13,301 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Ventas by 83.9% during the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trustâs stock worth $173,000 after purchasing an additional 1,388 shares in the last quarter. 84.26% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on VTR. Royal Bank of Canada set a $61.00 price target on shares of Ventas and gave the stock a âbuyâ rating in a research report on Tuesday, July 31st. SunTrust Banks reissued a âholdâ rating and set a $58.00 price target on shares of Ventas in a research report on Tuesday, July 31st. Cantor Fitzgerald restated a âholdâ rating and set a $56.00 target price on shares of Ventas in a research note on Friday, July 27th. Jefferies Financial Group reiterated a â$57.33â rating and issued a $61.00 price target on shares of Ventas in a research note on Wednesday, July 18th. Finally, Bank of America increased their price target on shares of Ventas from $55.00 to $60.00 and gave the company a âneutralâ rating in a research note on Tuesday, July 10th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Ventas currently has a consensus rating of âHoldâ and a consensus price target of $56.15.
In other Ventas news, Chairman Debra A. Cafaro sold 30,942 shares of Ventas stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $58.00, for a total value of $1,794,636.00. Following the completion of the sale, the chairman now owns 775,109 shares in the company, valued at approximately $44,956,322. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the companyâs stock.
Shares of VTR stock opened at $54.38 on Friday. Ventas, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $65.72. The firm has a market capitalization of $19.23 billion, a PE ratio of 13.07, a PEG ratio of 3.38 and a beta of 0.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.56 and a quick ratio of 0.56.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analystsâ consensus estimates of $1.02 by $0.06. The business had revenue of $942.30 million during the quarter, compared to analystsâ expectations of $919.95 million. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The businessâs revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. sell-side analysts anticipate that Ventas, Inc. will post 4.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, October 1st will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Friday, September 28th. Ventasâs dividend payout ratio is presently 75.96%.
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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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