Synovus Financial Corp raised its stake in shares of Ventas, Inc. (NYSE:VTR) by 9.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,328 shares of the real estate investment trust’s stock after purchasing an additional 475 shares during the period. Synovus Financial Corp’s holdings in Ventas were worth $390,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in VTR. Nuveen Asset Management LLC increased its position in shares of Ventas by 63.4% during the second quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock valued at $421,582,000 after acquiring an additional 2,393,109 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in shares of Ventas by 897.7% during the second quarter. Heitman Real Estate Securities LLC now owns 1,444,117 shares of the real estate investment trust’s stock valued at $98,705,000 after acquiring an additional 1,299,372 shares during the last quarter. Resolution Capital Ltd acquired a new stake in shares of Ventas during the second quarter valued at about $76,570,000. Canada Pension Plan Investment Board grew its holdings in shares of Ventas by 809.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock valued at $81,778,000 after purchasing an additional 1,064,842 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its holdings in shares of Ventas by 210.4% in the second quarter. AMP Capital Investors Ltd now owns 1,420,073 shares of the real estate investment trust’s stock valued at $98,580,000 after purchasing an additional 962,587 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.
Shares of VTR stock traded down $0.46 during trading on Friday, reaching $59.54. The company’s stock had a trading volume of 1,627,955 shares, compared to its average volume of 2,132,293. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.72 and a quick ratio of 0.72. Ventas, Inc. has a 1-year low of $56.52 and a 1-year high of $75.40. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 5.21 and a beta of 0.17. The stock’s 50-day moving average price is $70.09 and its 200 day moving average price is $68.38.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.71). Ventas had a return on equity of 4.59% and a net margin of 12.73%. The firm had revenue of $983.16 million for the quarter, compared to analyst estimates of $935.43 million. During the same quarter last year, the firm earned $0.99 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current fiscal year.
The company also recently declared a — dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.7925 per share. This represents a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 30th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
In other Ventas news, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $72.54, for a total transaction of $725,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
A number of research analysts recently weighed in on the stock. Citigroup cut shares of Ventas from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $67.00 in a report on Monday, October 28th. Stifel Nicolaus cut shares of Ventas from a “buy” rating to a “hold” rating and dropped their price objective for the company from $74.00 to $66.00 in a report on Wednesday, October 30th. BMO Capital Markets dropped their price objective on shares of Ventas to $63.00 and set a “market perform” rating for the company in a report on Friday. Berenberg Bank assumed coverage on shares of Ventas in a report on Thursday, September 12th. They issued a “hold” rating and a $72.00 price objective for the company. Finally, Barclays assumed coverage on shares of Ventas in a report on Tuesday, September 3rd. They issued an “equal weight” rating and a $74.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Ventas presently has a consensus rating of “Hold” and an average target price of $66.58.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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