Los Angeles Capital Management & Equity Research Inc. Acquires 42,200 Shares of Ventas, Inc. (VTR)

Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Ventas, Inc. (NYSE:VTR) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 604,589 shares of the real estate investment trust’s stock after buying an additional 42,200 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ventas were worth $32,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Legacy Advisors LLC lifted its stake in shares of 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 worth $115,000 after purchasing an additional 1,967 shares during the period. Howe & Rusling Inc. lifted its stake in shares of Ventas by 591.7% in the 2nd quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 2,000 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 worth $171,000 after purchasing an additional 2,341 shares during the period. Signaturefd LLC lifted its stake in shares of Ventas by 83.9% in the 2nd quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,388 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Ventas in the 2nd quarter worth approximately $188,000. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Ventas stock opened at $59.59 on Thursday. The company has a market capitalization of $21.01 billion, a P/E ratio of 14.32, a PEG ratio of 4.37 and a beta of -0.02. Ventas, Inc. has a 12-month low of $46.55 and a 12-month high of $65.72. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.00.

Ventas (NYSE:VTR) last released its earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The company had revenue of $936.54 million during the quarter, compared to analyst estimates of $920.19 million. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. Analysts forecast that Ventas, Inc. will post 4.05 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.30%. The ex-dividend date was Friday, September 28th. Ventas’s dividend payout ratio is 75.96%.

In related news, EVP T Richard Riney sold 13,708 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Several brokerages have recently weighed in on VTR. Cantor Fitzgerald reiterated a “hold” rating and issued a $56.00 price objective on shares of Ventas in a research note on Friday, July 27th. Royal Bank of Canada set a $61.00 price objective on shares of Ventas and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reiterated a “$57.33” rating and issued a $61.00 price objective on shares of Ventas in a research note on Wednesday, July 18th. JPMorgan Chase & Co. started coverage on shares of Ventas in a report on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 target price for the company. Finally, Stifel Nicolaus set a $55.00 target price on shares of Ventas and gave the stock a “hold” rating in a report on Monday, October 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.46.

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Ventas Company Profile

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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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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