Comerica Securities Inc. grew its holdings in Ventas, Inc. (NYSE:VTR) by 56.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,942 shares of the real estate investment trust’s stock after purchasing an additional 2,500 shares during the period. Comerica Securities Inc.’s holdings in Ventas were worth $412,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in VTR. Reilly Financial Advisors LLC purchased a new stake in shares of Ventas in the fourth quarter valued at $35,000. Eukles Asset Management purchased a new stake in shares of Ventas during the fourth quarter worth $48,000. Atlas Capital Advisors LLC purchased a new stake in shares of Ventas during the fourth quarter worth $56,000. Quadrant Capital Group LLC raised its holdings in shares of Ventas by 30.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,813 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 426 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Ventas by 11.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,776 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 86.02% of the company’s stock.
In other Ventas news, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total transaction of $633,100.00. Following the transaction, the chief financial officer now directly owns 100,064 shares in the company, valued at $6,335,051.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP T Richard Riney sold 15,676 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $65.00, for a total value of $1,018,940.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,964 shares of company stock worth $2,607,540. Corporate insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last posted its earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The company had revenue of $923.26 million for the quarter, compared to analyst estimates of $913.92 million. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that Ventas, Inc. will post 3.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.7925 per share. The ex-dividend date of this dividend is Friday, March 29th. This represents a $3.17 annualized dividend and a yield of 4.94%. Ventas’s dividend payout ratio (DPR) is currently 77.89%.
Several brokerages recently issued reports on VTR. BMO Capital Markets increased their price objective on Ventas from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday. Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a report on Monday, December 31st. KeyCorp set a $55.00 price objective on Ventas and gave the stock a “sell” rating in a report on Thursday, December 20th. Scotiabank began coverage on Ventas in a report on Monday, December 10th. They set a “sector perform” rating and a $66.00 price objective for the company. Finally, ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $58.82.
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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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