Verity Asset Management Inc. cut its holdings in shares of Ventas, Inc. (NYSE:VTR) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,880 shares of the real estate investment trust’s stock after selling 1,060 shares during the period. Verity Asset Management Inc.’s holdings in Ventas were worth $233,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VTR. Capital International Investors raised its holdings in Ventas by 40.9% during the 3rd quarter. Capital International Investors now owns 4,141,700 shares of the real estate investment trust’s stock worth $269,749,000 after purchasing an additional 1,202,900 shares during the last quarter. Cohen & Steers Inc. raised its holdings in Ventas by 8.6% during the 3rd quarter. Cohen & Steers Inc. now owns 6,895,293 shares of the real estate investment trust’s stock worth $449,090,000 after purchasing an additional 545,504 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Ventas by 7.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,247,318 shares of the real estate investment trust’s stock worth $341,758,000 after purchasing an additional 357,605 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Ventas by 9.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,485,820 shares of the real estate investment trust’s stock valued at $209,185,000 after acquiring an additional 314,690 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Ventas by 419.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 386,528 shares of the real estate investment trust’s stock valued at $25,174,000 after acquiring an additional 312,139 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.
Several analysts have recently weighed in on VTR shares. SunTrust Banks set a $67.00 price objective on shares of Ventas and gave the company a “hold” rating in a research note on Sunday, October 29th. BMO Capital Markets set a $62.00 price objective on shares of Ventas and gave the company a “sell” rating in a research note on Friday, October 27th. ValuEngine upgraded shares of Ventas from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp set a $50.00 price target on shares of Ventas and gave the company a “sell” rating in a research report on Thursday, January 11th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.31.
Shares of Ventas, Inc. (VTR) traded down $0.24 during trading on Tuesday, reaching $51.15. The company had a trading volume of 147,082 shares, compared to its average volume of 2,985,129. Ventas, Inc. has a fifty-two week low of $49.17 and a fifty-two week high of $72.36. The company has a market cap of $18,304.40 and a PE ratio of 13.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The business had revenue of $895.30 million for the quarter, compared to analysts’ expectations of $895.92 million. During the same period in the previous year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. research analysts predict that Ventas, Inc. will post 4.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, March 29th. Ventas’s dividend payout ratio is presently 83.82%.
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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