CIBC World Markets Inc. increased its position in shares of Ventas, Inc. (NYSE:VTR) by 168.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,399 shares of the real estate investment trust’s stock after buying an additional 22,196 shares during the quarter. CIBC World Markets Inc.’s holdings in Ventas were worth $2,460,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Ventas by 2,360.9% during the 1st quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares during the last quarter. Bank of America Corp DE grew its stake in Ventas by 1.0% during the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ventas by 102.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after buying an additional 2,049,815 shares during the last quarter. Bank of Nova Scotia grew its stake in Ventas by 921.5% during the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after buying an additional 73,159 shares during the last quarter. Finally, TNB Financial grew its stake in Ventas by 3.2% during the 2nd quarter. TNB Financial now owns 35,175 shares of the real estate investment trust’s stock worth $2,444,000 after buying an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.
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Shares of Ventas, Inc. (NYSE VTR) opened at 69.38 on Tuesday. The firm’s 50-day moving average price is $67.12 and its 200-day moving average price is $66.13. The firm has a market capitalization of $24.71 billion, a PE ratio of 35.15 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 posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The company had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. On average, equities analysts predict that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
VTR has been the topic of a number of research reports. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Jefferies Group LLC restated a “hold” rating and set a $66.00 price target on shares of Ventas in a research note on Tuesday, August 29th. Mizuho restated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.57.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the transaction, the chairman now directly owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
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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