Trustcore Financial Services LLC bought a new position in Ventas, Inc. (NYSE:VTR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,700 shares of the real estate investment trust’s stock, valued at approximately $402,000.
Other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its holdings in Ventas by 1,945.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,841 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 1,751 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in Ventas in the third quarter worth $131,000. CENTRAL TRUST Co boosted its holdings in Ventas by 85.7% in the fourth quarter. CENTRAL TRUST Co now owns 2,357 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,088 shares in the last quarter. Cable Hill Partners LLC bought a new stake in Ventas in the third quarter worth $174,000. Finally, Carnick & Kubik Group LLC bought a new stake in Ventas in the third quarter worth $204,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $56.00 price target on Ventas and gave the stock a “hold” rating in a research note on Friday, February 9th. Mizuho set a $53.00 price target on Ventas and gave the stock a “hold” rating in a research note on Friday, February 9th. Wells Fargo & Co set a $54.00 price target on Ventas and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Jefferies Group restated a “hold” rating and issued a $54.00 price target on shares of Ventas in a research note on Tuesday, February 13th. Finally, Citigroup decreased their price target on Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, February 13th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Ventas presently has an average rating of “Hold” and an average target price of $58.31.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $1.03 EPS for the quarter, meeting analysts’ consensus estimates of $1.03. The company had revenue of $895.30 million during the quarter, compared to analysts’ expectations of $895.92 million. Ventas had a return on equity of 5.99% and a net margin of 37.95%. Ventas’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. equities analysts forecast that Ventas, Inc. will post 4.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Monday, April 2nd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, March 29th. Ventas’s dividend payout ratio (DPR) is presently 83.82%.
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.
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