Ventas, Inc. (VTR) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. boosted its position in Ventas, Inc. (NYSE:VTR) by 7.7% during the second quarter, HoldingsChannel.com reports. The fund owned 140,070 shares of the real estate investment trust’s stock after buying an additional 9,960 shares during the quarter. Macquarie Group Ltd.’s holdings in Ventas were worth $7,977,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Legacy Advisors LLC raised its stake in Ventas by 5,960.6% in the 2nd quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 1,967 shares during the period. Howe & Rusling Inc. raised its stake in Ventas by 591.7% in the 2nd quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 2,000 shares during the period. Summit Trail Advisors LLC raised its stake in Ventas by 3,729.4% in the 1st quarter. Summit Trail Advisors LLC now owns 159,648 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 155,479 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Ventas by 354.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 2,341 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Ventas in the 2nd quarter valued at about $188,000. Institutional investors and hedge funds own 84.27% of the company’s stock.
In other news, Chairman Debra A. Cafaro sold 30,942 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $58.00, for a total transaction of $1,794,636.00. Following the completion of the transaction, the chairman now owns 775,109 shares of the company’s stock, valued at $44,956,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP T Richard Riney sold 13,708 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The firm had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $919.95 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Ventas, Inc. will post 4.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Monday, October 1st will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, September 28th. Ventas’s dividend payout ratio is presently 75.96%.
A number of equities research analysts recently issued reports on the company. SunTrust Banks restated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a research note on Tuesday, July 31st. Royal Bank of Canada set a $61.00 price objective on Ventas and gave the company a “buy” rating in a research note on Tuesday, July 31st. Cantor Fitzgerald restated a “hold” rating and issued a $56.00 price objective on shares of Ventas in a research note on Friday, July 27th. TheStreet upgraded Ventas from a “c+” rating to a “b-” rating in a research note on Thursday, July 5th. Finally, ValuEngine upgraded Ventas from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 28th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Ventas presently has a consensus rating of “Hold” and an average price target of $57.07.
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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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