Hanson & Doremus Investment Management increased its position in shares of Ventas (NYSE:VTR) by 29.3% during the first quarter, Holdings Channel reports. The fund owned 53,624 shares of the real estate investment trust’s stock after acquiring an additional 12,144 shares during the quarter. Ventas makes up approximately 0.8% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 25th biggest position. Hanson & Doremus Investment Management’s holdings in Ventas were worth $2,656,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VTR. Certified Advisory Corp acquired a new stake in Ventas during the fourth quarter worth approximately $102,000. Valeo Financial Advisors LLC boosted its position in Ventas by 1,945.6% during 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 during the last quarter. Aevitas Wealth Management Inc. acquired a new stake in Ventas during the fourth quarter worth approximately $114,000. Icon Wealth Partners LLC acquired a new stake in Ventas during the fourth quarter worth approximately $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new stake in Ventas during the fourth quarter worth approximately $116,000. Hedge funds and other institutional investors own 84.40% of the company’s stock.
In other news, Director Melody C. Barnes sold 3,963 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $53.37, for a total value of $211,505.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Debra A. Cafaro sold 30,944 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the completion of the transaction, the chairman now directly owns 775,111 shares in the company, valued at approximately $41,220,402.98. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Ventas opened at $53.56 on Thursday, Marketbeat reports. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 3.46 and a beta of 0.07. Ventas has a fifty-two week low of $46.55 and a fifty-two week high of $72.36.
Ventas (NYSE:VTR) last issued its earnings results on Friday, April 27th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.79). Ventas had a net margin of 34.04% and a return on equity of 5.24%. The business had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $874.42 million. During the same period in the prior year, the business posted $0.55 EPS. The business’s revenue was up 6.8% on a year-over-year basis. equities analysts predict that Ventas will post 4.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Monday, July 2nd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, June 29th. Ventas’s dividend payout ratio is presently 75.96%.
A number of brokerages recently issued reports on VTR. Stifel Nicolaus set a $56.00 target price on shares of Ventas and gave the stock a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. BMO Capital Markets reaffirmed a “sell” rating and set a $51.00 price target on shares of Ventas in a research note on Tuesday, March 27th. Citigroup cut their price target on shares of Ventas from $66.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $54.00 price target on shares of Ventas in a research note on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.69.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 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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