19,741 Ventas, Inc. $VTR Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Ventas stake by 10.7%, purchasing 19,741 shares to own 203,964 shares valued at approximately $17.3 million. Institutional investors collectively hold 94.18% of Ventas stock.
• Ventas reported quarterly EPS of $0.97, exceeding estimates by $0.01, while revenue rose 21.7% year over year to $1.73 billion. The company maintains a quarterly dividend of $0.52, equivalent to a 2.4% annualized yield.
• Analysts hold a “Moderate Buy” consensus rating on VTR, with 14 Buy ratings and three Holds, and an average price target of $98.33 compared with the stock’s reported price of $86.48.

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,964 shares of the real estate investment trust's stock after purchasing an additional 19,741 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ventas were worth $17,341,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new position in Ventas in the second quarter valued at $1,281,000. Andra AP fonden boosted its stake in shares of Ventas by 514.0% during the 2nd quarter. Andra AP fonden now owns 127,700 shares of the real estate investment trust's stock worth $11,340,000 after acquiring an additional 106,902 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ventas during the 2nd quarter worth about $17,244,000. Adelante Capital Management LLC purchased a new stake in shares of Ventas during the 2nd quarter worth about $52,737,000. Finally, Sei Investments Co. grew its position in shares of Ventas by 3.3% during the 1st quarter. Sei Investments Co. now owns 660,428 shares of the real estate investment trust's stock valued at $54,010,000 after acquiring an additional 21,378 shares during the period. Hedge funds and other institutional investors own 94.18% of the company's stock.

Ventas Stock Performance

VTR opened at $86.48 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. The company has a market cap of $44.36 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 3.30 and a beta of 0.72. Ventas, Inc. has a 52-week low of $68.15 and a 52-week high of $101.60. The firm's fifty day simple moving average is $88.12 and its two-hundred day simple moving average is $88.03.

Ventas (NYSE:VTR - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.68 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The company's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. Equities analysts anticipate that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 30th. Ventas's payout ratio is presently 385.19%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VTR. Royal Bank Of Canada lifted their price target on Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Scotiabank increased their price target on Ventas from $93.00 to $95.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 2nd. Evercore set a $100.00 price target on Ventas in a research report on Monday, September 21st. BMO Capital Markets raised their price objective on Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Finally, Citigroup raised their price objective on Ventas from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $98.33.

Ventas Company Profile

Ventas, Inc NYSE: VTR is a real estate investment trust focused on healthcare and senior housing properties. The company owns, manages and develops a diversified portfolio of healthcare-related real estate, including senior living communities, medical office buildings, life science and innovation centers, and other properties serving healthcare providers and institutions.

Ventas generally leases its properties to healthcare operators, physicians, health systems, universities and research organizations.

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