Summit Trail Advisors LLC lifted its holdings in Ventas, Inc. (NYSE:VTR) by 3,729.4% in the 1st quarter, HoldingsChannel reports. The fund owned 159,648 shares of the real estate investment trust’s stock after buying an additional 155,479 shares during the period. Summit Trail Advisors LLC’s holdings in Ventas were worth $160,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Ventas by 2.1% in the 1st quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock worth $1,911,493,000 after acquiring an additional 795,890 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ventas by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,296,048 shares of the real estate investment trust’s stock worth $262,313,000 after acquiring an additional 128,591 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ventas by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 4,424,050 shares of the real estate investment trust’s stock worth $265,013,000 after acquiring an additional 163,465 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Ventas by 6.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,705,906 shares of the real estate investment trust’s stock worth $183,554,000 after acquiring an additional 220,086 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its position in shares of Ventas by 44.7% in the 1st quarter. Brookfield Asset Management Inc. now owns 3,686,473 shares of the real estate investment trust’s stock worth $182,591,000 after acquiring an additional 1,138,667 shares in the last quarter. 84.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Ventas opened at $56.08 on Thursday, MarketBeat.com reports. Ventas, Inc. has a one year low of $46.55 and a one year high of $71.56. The stock has a market capitalization of $19.99 billion, a P/E ratio of 13.48, a PEG ratio of 3.68 and a beta of 0.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.79). The company had revenue of $943.70 million for the quarter, compared to the consensus estimate of $874.42 million. Ventas had a return on equity of 5.24% and a net margin of 34.04%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. analysts expect that Ventas, Inc. will post 4.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Monday, July 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Friday, June 29th. Ventas’s dividend payout ratio is currently 75.96%.
Several research analysts have recently weighed in on the company. ValuEngine lowered Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Hilliard Lyons raised Ventas from a “neutral” rating to a “buy” rating in a research report on Friday, April 27th. Evercore ISI lowered Ventas from an “in-line” rating to an “underperform” rating in a research report on Monday, May 21st. BMO Capital Markets reaffirmed a “sell” rating and issued a $51.00 target price on shares of Ventas in a research report on Tuesday, March 27th. Finally, Deutsche Bank decreased their target price on Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, March 19th. Six equities 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 stock presently has a consensus rating of “Hold” and a consensus price target of $56.85.
In other Ventas news, Director Melody C. Barnes sold 3,963 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $53.37, for a total transaction of $211,505.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Debra A. Cafaro sold 15,439 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $55.00, for a total value of $849,145.00. Following the sale, the chairman now directly owns 759,606 shares of the company’s stock, valued at $41,778,330. The disclosure for this sale can be found here. Insiders have sold a total of 65,851 shares of company stock valued at $3,559,027 over the last three months. Corporate insiders own 1.40% of the company’s stock.
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.
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