Patten Group Inc. lessened its position in Ventas, Inc. (NYSE:VTR) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,288 shares of the real estate investment trust’s stock after selling 1,253 shares during the quarter. Patten Group Inc.’s holdings in Ventas were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HL Financial Services LLC boosted its holdings in shares of Ventas by 7.3% during the third quarter. HL Financial Services LLC now owns 11,894 shares of the real estate investment trust’s stock worth $775,000 after purchasing an additional 807 shares during the period. Camden National Bank lifted its holdings in Ventas by 0.6% in the third quarter. Camden National Bank now owns 138,409 shares of the real estate investment trust’s stock worth $9,015,000 after buying an additional 807 shares during the period. Verition Fund Management LLC lifted its holdings in Ventas by 22.5% in the second quarter. Verition Fund Management LLC now owns 4,394 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 808 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV lifted its holdings in Ventas by 9.9% in the third quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 9,895 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 895 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Ventas by 2.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 38,024 shares of the real estate investment trust’s stock worth $2,477,000 after buying an additional 903 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on VTR shares. ValuEngine upgraded shares of Ventas from a “hold” rating to a “buy” rating in a report on Friday, January 5th. SunTrust Banks set a $67.00 price objective on shares of Ventas and gave the stock a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research upgraded shares of Ventas from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Mizuho set a $53.00 target price on shares of Ventas and gave the company a “hold” rating in a report on Friday. Finally, Stifel Nicolaus set a $56.00 target price on shares of Ventas and gave the company a “hold” rating in a report on Friday. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.36.
Shares of Ventas, Inc. (NYSE:VTR) traded down $1.30 during mid-day trading on Monday, hitting $50.29. 393,041 shares of the stock were exchanged, compared to its average volume of 2,978,377. Ventas, Inc. has a 12-month low of $49.17 and a 12-month high of $72.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.46 and a current ratio of 1.20. The company has a market cap of $17,930.00 and a P/E ratio of 28.17.
Ventas (NYSE:VTR) last released its earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.03. Ventas had a net margin of 37.95% and a return on equity of 5.99%. The company had revenue of $895.30 million for the quarter, compared to analysts’ expectations of $895.92 million. During the same quarter in the previous year, the company earned $0.58 EPS. Ventas’s revenue for the quarter was up 2.2% on a year-over-year basis. sell-side analysts expect that Ventas, Inc. will post 4.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 6.28%. The ex-dividend date is Thursday, March 29th. Ventas’s payout ratio is currently 177.53%.
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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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