Land & Buildings Investment Management LLC grew its position in shares of Ventas, Inc. (NYSE:VTR – Get Rating) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 829,005 shares of the real estate investment trust's stock after purchasing an additional 166,930 shares during the quarter. Ventas makes up about 7.3% of Land & Buildings Investment Management LLC's investment portfolio, making the stock its 7th largest position. Land & Buildings Investment Management LLC owned 0.21% of Ventas worth $33,301,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of VTR. JPMorgan Chase & Co. increased its position in shares of Ventas by 4.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,284,368 shares of the real estate investment trust's stock valued at $1,248,946,000 after purchasing an additional 1,075,428 shares during the last quarter. Deutsche Bank AG boosted its holdings in Ventas by 20.3% during the 2nd quarter. Deutsche Bank AG now owns 5,796,815 shares of the real estate investment trust's stock valued at $298,129,000 after acquiring an additional 979,716 shares during the period. Prudential Financial Inc. boosted its holdings in Ventas by 88.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,673,867 shares of the real estate investment trust's stock valued at $67,238,000 after acquiring an additional 785,438 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ventas by 23.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,962,403 shares of the real estate investment trust's stock valued at $203,787,000 after acquiring an additional 761,903 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new stake in Ventas during the 3rd quarter valued at about $28,442,000. 91.28% of the stock is currently owned by institutional investors.
Get Ventas alerts:Insider Activity at Ventas
In related news, CEO Debra A. Cafaro sold 32,932 shares of the firm's stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $52.74, for a total transaction of $1,736,833.68. Following the completion of the transaction, the chief executive officer now owns 863,555 shares of the company's stock, valued at approximately $45,543,890.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
Ventas Trading Up 1.3 %
VTR opened at $48.51 on Friday. The stock has a market cap of $19.40 billion, a PE ratio of -404.25, a PEG ratio of 4.47 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $49.30 and a 200-day moving average of $45.71. Ventas, Inc. has a 52 week low of $35.33 and a 52 week high of $64.02.
Ventas (NYSE:VTR – Get Rating) last released its earnings results on Thursday, February 9th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.83). The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Ventas had a negative net margin of 1.15% and a negative return on equity of 0.45%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. Equities research analysts predict that Ventas, Inc. will post 2.99 earnings per share for the current fiscal year.
Ventas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Tuesday, January 3rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Friday, December 30th. Ventas's dividend payout ratio (DPR) is presently -1,500.00%.
Analysts Set New Price Targets
VTR has been the subject of several analyst reports. Mizuho dropped their target price on Ventas from $61.00 to $60.00 in a report on Friday, December 2nd. Royal Bank of Canada dropped their target price on Ventas from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, November 23rd. Raymond James increased their target price on Ventas from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, January 9th. StockNews.com cut Ventas from a "hold" rating to a "sell" rating in a report on Saturday, December 17th. Finally, Morgan Stanley increased their price objective on Ventas from $44.50 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.77.
About Ventas
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Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties.
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