Beacon Financial Group grew its holdings in shares of Ventas, Inc. (NYSE:VTR) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,242 shares of the real estate investment trust’s stock after buying an additional 1,607 shares during the quarter. Ventas accounts for approximately 1.5% of Beacon Financial Group’s holdings, making the stock its 23rd biggest holding. Beacon Financial Group’s holdings in Ventas were worth $8,557,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in Ventas by 2,360.9% in the 1st quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after purchasing an additional 35,049,052 shares during the period. JPMorgan Chase & Co. raised its position in Ventas by 102.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after purchasing an additional 2,049,815 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in Ventas by 7.6% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,010 shares of the real estate investment trust’s stock worth $3,058,000 after purchasing an additional 3,121 shares during the period. Bank of America Corp DE raised its position in Ventas by 1.0% in the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after purchasing an additional 184,874 shares during the period. Finally, Bank of Nova Scotia raised its position in Ventas by 921.5% in the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after purchasing an additional 73,159 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.
A number of analysts recently weighed in on VTR shares. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Ventas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Capital One Financial Corporation began coverage on shares of Ventas in a research note on Monday, September 25th. They issued an “equal weight” rating and a $69.00 target price on the stock. Jefferies Group LLC restated a “hold” rating and issued a $66.00 target price on shares of Ventas in a research note on Tuesday, August 29th. Finally, UBS AG dropped their target price on shares of Ventas from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Five 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 a consensus target price of $63.90.
Shares of Ventas, Inc. (NYSE:VTR) traded up 2.31% during midday trading on Friday, reaching $62.51. 1,182,604 shares of the company’s stock traded hands. Ventas, Inc. has a 1-year low of $56.20 and a 1-year high of $72.36. The stock has a market capitalization of $22.26 billion, a P/E ratio of 31.67 and a beta of 0.08. The firm’s 50-day moving average price is $65.39 and its 200 day moving average price is $66.57.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Ventas, Inc. will post $1.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 12th were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Monday, September 11th. Ventas’s dividend payout ratio is currently 157.36%.
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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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