Toronto Dominion Bank grew its position in Ventas, Inc. (NYSE:VTR) by 47.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,223 shares of the real estate investment trust’s stock after purchasing an additional 108,140 shares during the quarter. Toronto Dominion Bank’s holdings in Ventas were worth $21,448,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in VTR. Cornerstone Advisors Inc. boosted its stake in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Ventas in the 1st quarter valued at $26,000. Investors Research Corp acquired a new stake in shares of Ventas in the 1st quarter valued at $32,000. Rational Advisors LLC acquired a new stake in shares of Ventas in the 4th quarter valued at $34,000. Finally, Reilly Financial Advisors LLC acquired a new stake in shares of Ventas in the 4th quarter valued at $35,000. 87.90% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on the stock. Deutsche Bank boosted their target price on shares of Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Mitsubishi UFJ Financial Group boosted their target price on shares of Ventas from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their target price on shares of Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, February 11th. Morgan Stanley assumed coverage on shares of Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, Raymond James upgraded shares of Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.46.
In other Ventas news, CAO Gregory R. Liebbe sold 4,113 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $60.67, for a total transaction of $249,535.71. Following the completion of the sale, the chief accounting officer now directly owns 14,627 shares of the company’s stock, valued at approximately $887,420.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Probst sold 10,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $65.01, for a total value of $650,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,493 shares of company stock worth $2,153,070. 1.40% of the stock is owned by corporate insiders.
NYSE VTR traded up $1.29 on Thursday, hitting $64.79. 413,052 shares of the company were exchanged, compared to its average volume of 2,022,353. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 8.10 and a beta of 0.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. Ventas, Inc. has a 1-year low of $50.69 and a 1-year high of $65.70.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The business had revenue of $942.80 million for the quarter, compared to the consensus estimate of $908.61 million. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities analysts expect that Ventas, Inc. will post 3.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be given a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 4.89%. Ventas’s dividend payout ratio (DPR) is 77.89%.
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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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