BB&T Investment Services Inc. Acquires Shares of 5,638 Ventas, Inc. (VTR)
BB&T Investment Services Inc. acquired a new position in Ventas, Inc. (NYSE:VTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,638 shares of the real estate investment trust’s stock, valued at approximately $391,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after acquiring an additional 35,049,052 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Ventas by 102.9% in the second quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after acquiring an additional 2,049,815 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Ventas by 7.6% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,010 shares of the real estate investment trust’s stock worth $3,058,000 after acquiring an additional 3,121 shares during the period. Bank of America Corp DE grew its holdings in shares of Ventas by 1.0% in the first 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 acquiring an additional 184,874 shares during the period. Finally, Bank of Nova Scotia grew its holdings in shares of Ventas by 921.5% in the first quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after acquiring an additional 73,159 shares during the period. 89.17% of the stock is owned by institutional investors.
Ventas, Inc. (NYSE:VTR) traded down 0.32% during mid-day trading on Thursday, reaching $62.85. The company’s stock had a trading volume of 757,815 shares. The stock has a 50-day moving average price of $66.82 and a 200-day moving average price of $66.71. Ventas, Inc. has a one year low of $56.20 and a one year high of $72.36. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 31.84 and a beta of 0.08.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. The business 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 company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts forecast that Ventas, Inc. will post $1.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were paid a dividend of $0.775 per share. The ex-dividend date was Monday, September 11th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.92%. Ventas’s payout ratio is currently 157.36%.
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Several analysts recently commented on the company. Bank of America Corporation lowered Ventas from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. BidaskClub raised Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Capital One Financial Corporation assumed coverage on Ventas in a report on Monday, September 25th. They issued an “equal weight” rating and a $69.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Ventas in a report on Tuesday, August 29th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.70.
Ventas Company Profile
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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