Narwhal Capital Management Invests $2.07 Million in Ventas, Inc. (VTR)

Narwhal Capital Management acquired a new stake in Ventas, Inc. (NYSE:VTR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,765 shares of the real estate investment trust’s stock, valued at approximately $2,069,000.

Several other institutional investors have also recently made changes to their positions in VTR. Robeco Institutional Asset Management B.V. raised its position in shares of Ventas by 16.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 182,953 shares of the real estate investment trust’s stock worth $11,916,000 after purchasing an additional 25,581 shares during the period. Summit X LLC acquired a new stake in shares of Ventas during the third quarter worth $218,000. Shell Asset Management Co. raised its position in shares of Ventas by 309.0% during the third quarter. Shell Asset Management Co. now owns 128,203 shares of the real estate investment trust’s stock worth $7,942,000 after purchasing an additional 96,855 shares during the period. Beacon Financial Group raised its position in shares of Ventas by 1.3% during the third quarter. Beacon Financial Group now owns 125,242 shares of the real estate investment trust’s stock worth $8,557,000 after purchasing an additional 1,607 shares during the period. Finally, Intl Fcstone Inc. acquired a new stake in shares of Ventas during the second quarter worth $691,000. Institutional investors and hedge funds own 89.16% of the company’s stock.

Ventas, Inc. (NYSE:VTR) traded down 0.29% on Monday, reaching $62.82. The company had a trading volume of 215,615 shares. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $72.36. The firm has a 50 day moving average price of $65.88 and a 200-day moving average price of $66.62. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 31.82 and a beta of 0.08.

Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Analysts forecast that Ventas, Inc. will post $1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.775 per share. The ex-dividend date was Monday, September 11th. This represents a $3.10 annualized dividend and a yield of 4.92%. Ventas’s dividend payout ratio is presently 157.36%.

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A number of equities research analysts have recently issued reports on VTR shares. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. KeyCorp reaffirmed a “sell” rating and set a $55.00 target price on shares of Ventas in a research report on Sunday, September 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 target price on shares of Ventas in a research report on Tuesday, August 29th. Capital One Financial Corporation started coverage on Ventas in a research report on Monday, September 25th. They set an “equal weight” rating and a $69.00 target price on the stock. Finally, Bank of America Corporation lowered Ventas from a “buy” rating to a “neutral” rating and cut their target price for the stock from $72.00 to $71.00 in a research report on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.90.

Ventas 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.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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