Delta Lloyd Asset Management N.V. Acquires New Stake in Ventas, Inc. (VTR)
Delta Lloyd Asset Management N.V. acquired a new position in shares of Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 208,925 shares of the real estate investment trust’s stock, valued at approximately $14,516,000. Delta Lloyd Asset Management N.V. owned approximately 0.06% of Ventas at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC increased its position in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 28 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Ventas by 48.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 650 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 65 shares during the last quarter. Trust Co. of Virginia VA acquired a new position in Ventas during the first quarter worth approximately $202,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in Ventas during the second quarter worth approximately $203,000. Institutional investors and hedge funds own 89.36% of the company’s stock.
Ventas, Inc. (NYSE:VTR) opened at 68.44 on Friday. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $74.48. The stock has a market capitalization of $24.37 billion, a P/E ratio of 34.67 and a beta of 0.07. The firm has a 50 day moving average price of $67.12 and a 200 day moving average price of $65.82.
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. Equities research analysts predict that Ventas, Inc. will post $1.82 earnings per share for the current 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 4.53%. The ex-dividend date of this dividend is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
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VTR has been the topic of a number of recent analyst reports. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective 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. Finally, Mizuho restated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus 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 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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