Ventas, Inc. (VTR) Position Raised by Sentry Investments Corp.
Sentry Investments Corp. raised its position in shares of Ventas, Inc. (NYSE:VTR) by 556.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,335 shares of the real estate investment trust’s stock after buying an additional 155,400 shares during the period. Sentry Investments Corp. owned about 0.05% of Ventas worth $12,738,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Financial Architects Inc boosted its stake in Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 12 shares during the period. Good Life Advisors LLC boosted its stake in Ventas by 0.4% in the first quarter. Good Life Advisors LLC now owns 3,992 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 17 shares during the period. Wagner Bowman Management Corp boosted its stake in Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 26 shares during the period. CAPROCK Group Inc. boosted its stake in Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 27 shares during the period. Finally, Cribstone Capital Management LLC boosted its stake 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 period. Institutional investors and hedge funds own 89.36% of the company’s stock.
Ventas, Inc. (NYSE:VTR) opened at 68.44 on Friday. The firm’s 50-day moving average price is $67.12 and its 200-day moving average price is $65.82. The firm has a market cap of $24.37 billion, a price-to-earnings ratio of 34.67 and a beta of 0.07. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $74.48.
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 consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The firm had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same period last year, the business posted $0.42 EPS. Ventas’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ventas, Inc. will post $1.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, September 11th. Ventas’s payout ratio is currently 157.36%.
A number of analysts have recently commented on the company. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Mizuho restated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research report on Tuesday. Five analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Ventas presently has a consensus rating of “Hold” and a consensus target price of $64.57.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction 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 owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
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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