Exxonmobil Investment Management Inc. TX lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 56,629 shares of the real estate investment trust’s stock after selling 8,409 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Ventas were worth $3,398,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. First Allied Advisory Services Inc. lifted its position in shares of Ventas by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,612 shares of the real estate investment trust’s stock valued at $1,012,000 after acquiring an additional 47 shares during the last quarter. Glenview Trust Co lifted its position in shares of Ventas by 0.4% during the 2nd quarter. Glenview Trust Co now owns 18,035 shares of the real estate investment trust’s stock valued at $1,253,000 after acquiring an additional 68 shares during the last quarter. Bank of Hawaii lifted its position in shares of Ventas by 1.1% during the 2nd quarter. Bank of Hawaii now owns 28,697 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 303 shares during the last quarter. Comerica Securities Inc. lifted its position in shares of Ventas by 8.2% during the 2nd quarter. Comerica Securities Inc. now owns 4,222 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 319 shares during the last quarter. Finally, Veritable L.P. lifted its position in shares of Ventas by 6.2% during the 2nd quarter. Veritable L.P. now owns 9,201 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 539 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.
Ventas, Inc. (NYSE:VTR) opened at $54.83 on Friday. Ventas, Inc. has a one year low of $54.77 and a one year high of $72.36. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.06. The firm has a market cap of $19,530.00, a price-to-earnings ratio of 32.64, a PEG ratio of 3.69 and a beta of 0.09.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.60). Ventas had a return on equity of 6.34% and a net margin of 32.96%. The company had revenue of $899.90 million during the quarter, compared to analyst estimates of $893.18 million. During the same period last year, the company posted $1.03 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. research analysts predict that Ventas, Inc. will post 4.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a $0.79 dividend. The ex-dividend date was Friday, December 29th. This is an increase from Ventas’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.76%. Ventas’s dividend payout ratio is 188.10%.
Several analysts have issued reports on the stock. KeyCorp reissued a “sell” rating and set a $55.00 target price on shares of Ventas in a research note on Sunday, September 17th. Bank of America downgraded shares of Ventas from a “buy” rating to a “neutral” rating and cut their target price for the company from $72.00 to $71.00 in a research note on Friday, September 22nd. Capital One Financial assumed coverage on shares of Ventas in a research note on Monday, September 25th. They set an “equal weight” rating and a $69.00 target price on the stock. UBS Group cut 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. Finally, BMO Capital Markets reissued a “sell” rating and set a $62.00 target price on shares of Ventas in a research note on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.89.
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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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