Ibex Wealth Advisors grew its position in Ventas, Inc. (NYSE:VTR) by 86.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,818 shares of the real estate investment trust’s stock after acquiring an additional 19,356 shares during the period. Ibex Wealth Advisors’ holdings in Ventas were worth $2,668,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Ventas by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock valued at $392,299,000 after purchasing an additional 1,331,028 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Ventas by 56.7% in the 3rd quarter. Mackenzie Financial Corp now owns 11,208 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 4,056 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Ventas in the 3rd quarter valued at $1,391,000. Neuberger Berman Group LLC raised its holdings in shares of Ventas by 6.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 558,094 shares of the real estate investment trust’s stock valued at $30,349,000 after buying an additional 32,323 shares during the period. Finally, Teachers Advisors LLC raised its holdings in shares of Ventas by 7.2% in the 3rd quarter. Teachers Advisors LLC now owns 1,551,884 shares of the real estate investment trust’s stock valued at $84,391,000 after buying an additional 104,479 shares during the period. 88.28% of the stock is owned by institutional investors.
In other news, Director James D. Shelton sold 5,940 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the transaction, the director now owns 46,860 shares in the company, valued at approximately $3,036,059.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gregory R. Liebbe sold 4,113 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.67, for a total value of $249,535.71. Following the completion of the transaction, the chief accounting officer now owns 14,627 shares in the company, valued at approximately $887,420.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,493 shares of company stock worth $1,502,970. 1.40% of the stock is owned by company insiders.
Several research firms recently issued reports on VTR. Deutsche Bank boosted their price objective on Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a report on Friday, March 29th. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Morgan Stanley began coverage on Ventas in a report on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 price objective on the stock. BMO Capital Markets boosted their price objective on Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Monday, February 11th. Finally, Mitsubishi UFJ Financial Group boosted their price objective on Ventas from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Ventas presently has a consensus rating of “Hold” and a consensus price target of $59.46.
NYSE VTR traded up $0.35 during trading hours on Friday, hitting $65.94. 1,181,700 shares of the company were exchanged, compared to its average volume of 1,966,685. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. Ventas, Inc. has a 52-week low of $51.80 and a 52-week high of $66.24. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 8.24 and a beta of 0.30.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The company had revenue of $942.80 million for the quarter, compared to the consensus estimate of $908.61 million. During the same quarter in the prior year, the business earned $0.22 EPS. Ventas’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Ventas, Inc. will post 3.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.7925 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.17 annualized dividend and a yield of 4.81%. Ventas’s dividend payout ratio (DPR) is 77.89%.
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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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