Principal Financial Group Inc. reduced its position in Ventas, Inc. (NYSE:VTR) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788,655 shares of the real estate investment trust’s stock after selling 393,109 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Ventas worth $54,796,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock valued at $2,376,145,000 after acquiring an additional 35,049,052 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Ventas by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 95,292 shares of the real estate investment trust’s stock valued at $6,198,000 after acquiring an additional 7,521 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock valued at $1,185,477,000 after acquiring an additional 184,874 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Ventas by 921.5% in the first quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock valued at $5,274,000 after acquiring an additional 73,159 shares in the last quarter. Finally, TNB Financial raised its holdings in shares of Ventas by 3.2% in the second quarter. TNB Financial now owns 35,175 shares of the real estate investment trust’s stock valued at $2,444,000 after acquiring an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.

In other news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the sale, the chairman now owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several research firms recently weighed in on VTR. BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 target price on shares of Ventas in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Ventas currently has an average rating of “Hold” and a consensus target price of $64.57.

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Ventas, Inc. (VTR) opened at 68.78 on Tuesday. The firm has a 50-day moving average price of $67.15 and a 200 day moving average price of $65.86. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 34.84 and a beta of 0.08. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $74.48.

Ventas (NYSE:VTR) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same quarter last year, the company earned $0.42 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ventas, Inc. will post $1.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.

Ventas Company Profile

Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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