WESPAC Advisors LLC purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,722 shares of the real estate investment trust’s stock, valued at approximately $202,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of VTR. Principal Financial Group Inc. boosted its stake in Ventas by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 548,783 shares of the real estate investment trust’s stock valued at $27,181,000 after purchasing an additional 1,915 shares in the last quarter. DnB Asset Management AS boosted its stake in Ventas by 3.7% during the 2nd quarter. DnB Asset Management AS now owns 42,039 shares of the real estate investment trust’s stock valued at $2,394,000 after purchasing an additional 1,500 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Ventas by 47.5% during the 2nd quarter. IFM Investors Pty Ltd now owns 15,995 shares of the real estate investment trust’s stock valued at $911,000 after purchasing an additional 5,152 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Ventas by 7.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 202,227 shares of the real estate investment trust’s stock valued at $11,514,000 after purchasing an additional 13,191 shares in the last quarter. Finally, Trust Co boosted its stake in Ventas by 19.4% during the 1st quarter. Trust Co now owns 6,325 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 1,028 shares in the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $56.00 price target on shares of Ventas in a research note on Friday, July 27th. Royal Bank of Canada set a $61.00 price target on Ventas and gave the company a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “$57.33” rating and set a $61.00 price target on shares of Ventas in a research note on Wednesday, July 18th. JPMorgan Chase & Co. assumed coverage on Ventas in a research note on Tuesday, October 30th. They set a “neutral” rating and a $60.00 price target for the company. Finally, TheStreet lowered Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and a consensus price target of $55.46.
In other news, EVP T Richard Riney sold 13,708 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
Shares of NYSE:VTR opened at $59.09 on Wednesday. Ventas, Inc. has a one year low of $46.55 and a one year high of $65.72. The firm has a market cap of $20.17 billion, a PE ratio of 14.20, a P/E/G ratio of 3.86 and a beta of -0.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.56.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The company had revenue of $936.54 million during the quarter, compared to the consensus estimate of $920.19 million. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that Ventas, Inc. will post 4.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, October 1st were given a dividend of $0.79 per share. The ex-dividend date was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.35%. Ventas’s dividend payout ratio (DPR) is presently 75.96%.
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Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 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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