HBK Investments L P purchased a new stake in Ventas, Inc. (NYSE:VTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 61,300 shares of the real estate investment trust’s stock, valued at approximately $3,679,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in VTR. Candriam Luxembourg S.C.A. lifted its stake in shares of Ventas by 12.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 23,061 shares of the real estate investment trust’s stock valued at $1,502,000 after acquiring an additional 2,523 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its stake in shares of Ventas by 22.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,561 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 1,381 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Ventas by 3.5% in the 3rd quarter. New York State Common Retirement Fund now owns 831,429 shares of the real estate investment trust’s stock valued at $54,151,000 after acquiring an additional 28,475 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Ventas by 12.3% in the 3rd quarter. Toronto Dominion Bank now owns 135,122 shares of the real estate investment trust’s stock valued at $8,799,000 after acquiring an additional 14,829 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Ventas by 29.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,826 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 1,097 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.
Ventas stock traded up $0.38 during trading hours on Friday, reaching $50.42. 2,514,666 shares of the company’s stock were exchanged, compared to its average volume of 2,945,258. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. Ventas, Inc. has a twelve month low of $47.80 and a twelve month high of $72.36. The company has a market cap of $17,958.90, a P/E ratio of 12.12, a PEG ratio of 3.28 and a beta of 0.09.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The firm had revenue of $895.30 million during the quarter, compared to the consensus estimate of $895.92 million. During the same period last year, the business posted $0.58 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. equities research analysts forecast that Ventas, Inc. will post 4.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $3.16 dividend on an annualized basis and a yield of 6.27%. Ventas’s payout ratio is currently 75.96%.
A number of research firms recently weighed in on VTR. KeyCorp set a $50.00 price objective on Ventas and gave the company a “sell” rating in a report on Thursday, January 11th. BMO Capital Markets set a $55.00 price objective on Ventas and gave the company a “sell” rating in a report on Monday, January 15th. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Wells Fargo set a $54.00 price objective on Ventas and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, Citigroup decreased their price objective on Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.92.
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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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