Argent Trust Co lifted its stake in Ventas, Inc. (NYSE:VTR) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,492 shares of the real estate investment trust’s stock after buying an additional 977 shares during the period. Argent Trust Co’s holdings in Ventas were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Ventas by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 5,565,817 shares of the real estate investment trust’s stock valued at $316,972,000 after acquiring an additional 98,926 shares during the period. Atria Investments LLC lifted its holdings in Ventas by 24.8% in the third quarter. Atria Investments LLC now owns 13,074 shares of the real estate investment trust’s stock valued at $711,000 after acquiring an additional 2,596 shares during the period. DNB Asset Management AS increased its position in shares of Ventas by 3.9% in the third quarter. DNB Asset Management AS now owns 43,673 shares of the real estate investment trust’s stock valued at $2,375,000 after buying an additional 1,634 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Ventas in the third quarter valued at $717,000. Finally, Andra AP fonden increased its position in shares of Ventas by 5.6% in the third quarter. Andra AP fonden now owns 125,800 shares of the real estate investment trust’s stock valued at $6,841,000 after buying an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.
A number of research analysts have recently weighed in on VTR shares. TheStreet cut Ventas from a “b” rating to a “c+” rating in a research report on Friday, October 26th. Royal Bank of Canada cut Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price target for the company. in a research report on Friday, November 2nd. ValuEngine upgraded Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Stifel Nicolaus set a $55.00 price target on Ventas and gave the company a “hold” rating in a research report on Monday, October 29th. Finally, JPMorgan Chase & Co. started coverage on Ventas in a research report on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Ventas has an average rating of “Hold” and an average price target of $58.82.
In related news, EVP T Richard Riney sold 15,676 shares of Ventas stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $65.00, for a total transaction of $1,018,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Probst sold 10,000 shares of Ventas stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total value of $633,100.00. Following the sale, the chief financial officer now owns 100,064 shares of the company’s stock, valued at approximately $6,335,051.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,964 shares of company stock valued at $2,607,540. 1.40% of the stock is currently owned by company insiders.
Shares of VTR stock opened at $64.22 on Thursday. Ventas, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $65.70. The firm has a market capitalization of $22.61 billion, a PE ratio of 15.78, a PEG ratio of 5.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.53 and a quick ratio of 0.56.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $923.26 million during the quarter, compared to analysts’ expectations of $913.92 million. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, sell-side analysts anticipate that Ventas, Inc. will post 3.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be given a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, March 29th. Ventas’s dividend payout ratio is presently 77.89%.
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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