Hodges Capital Management Inc. bought a new stake in Ventas, Inc. (NYSE:VTR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,400 shares of the real estate investment trust’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also modified their holdings of VTR. Rational Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at about $34,000. Reilly Financial Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at about $35,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Ventas by 5,686.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,214,605 shares during the last quarter. Berman Capital Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at about $41,000. Finally, Pinnacle Bank bought a new position in shares of Ventas in the 4th quarter valued at about $46,000. 88.50% of the stock is currently owned by institutional investors.
Ventas stock opened at $59.75 on Wednesday. Ventas, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $65.70. The company has a market cap of $22.19 billion, a P/E ratio of 14.68, a PEG ratio of 8.57 and a beta of 0.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.53.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The business had revenue of $923.26 million for the quarter, compared to analyst estimates of $913.92 million. During the same quarter last year, the firm earned $1.03 EPS. Ventas’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts expect that Ventas, Inc. will post 3.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a dividend of $0.7925 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $3.17 annualized dividend and a yield of 5.31%. Ventas’s dividend payout ratio (DPR) is currently 77.89%.
VTR has been the topic of several recent research reports. Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. KeyCorp set a $55.00 price objective on shares of Ventas and gave the stock a “sell” rating in a research note on Thursday, December 20th. BMO Capital Markets lifted their price objective on shares of Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Deutsche Bank lifted their price objective on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Finally, ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $59.33.
In other Ventas news, Director Robert D. Reed sold 3,440 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the sale, the director now directly owns 47,709 shares in the company, valued at approximately $3,048,128.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total transaction of $633,100.00. Following the sale, the chief financial officer now owns 100,064 shares in the company, valued at $6,335,051.84. The disclosure for this sale can be found here. Insiders have sold a total of 107,464 shares of company stock worth $6,900,138 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
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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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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