Ellevest Inc. trimmed its position in Ventas, Inc. (NYSE:VTR) by 22.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,649 shares of the real estate investment trust’s stock after selling 470 shares during the period. Ellevest Inc.’s holdings in Ventas were worth $88,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VTR. Norges Bank acquired a new position in Ventas in the fourth quarter worth about $200,655,000. FMR LLC boosted its stake in Ventas by 24.8% in the fourth quarter. FMR LLC now owns 15,796,628 shares of the real estate investment trust’s stock valued at $774,666,000 after acquiring an additional 3,135,110 shares during the period. BlackRock Inc. boosted its stake in Ventas by 2.4% in the fourth quarter. BlackRock Inc. now owns 36,893,877 shares of the real estate investment trust’s stock valued at $1,809,276,000 after acquiring an additional 861,916 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Ventas by 3,980.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 578,300 shares of the real estate investment trust’s stock valued at $28,360,000 after acquiring an additional 564,128 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Ventas by 118.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 719,466 shares of the real estate investment trust’s stock valued at $35,283,000 after acquiring an additional 390,477 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.
A number of brokerages have commented on VTR. Mizuho lifted their target price on Ventas from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, February 9th. KeyCorp upgraded Ventas from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $60.00 in a research note on Thursday. Royal Bank of Canada lifted their target price on Ventas from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, March 2nd. Robert W. Baird upgraded Ventas from a “neutral” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on Ventas from $40.00 to $50.00 in a research report on Thursday, March 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and an average price target of $49.72.
Shares of NYSE:VTR opened at $53.63 on Friday. Ventas, Inc. has a 12 month low of $25.38 and a 12 month high of $58.10. The stock has a market cap of $20.12 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 4.34 and a beta of 1.06. The stock’s 50 day moving average price is $54.76 and its 200 day moving average price is $50.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53.
Ventas (NYSE:VTR) last announced its earnings results on Friday, May 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.85). Ventas had a return on equity of 3.88% and a net margin of 10.49%. The firm had revenue of $910.29 million for the quarter, compared to the consensus estimate of $896.37 million. During the same period in the previous year, the firm earned $0.97 EPS. Ventas’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, sell-side analysts expect that Ventas, Inc. will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 14th. Investors of record on Thursday, April 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 31st. This represents a $1.80 annualized dividend and a yield of 3.36%. Ventas’s payout ratio is 46.75%.
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.
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