HL Financial Services LLC raised its stake in shares of Ventas, Inc. (NYSE:VTR) by 75.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,505 shares of the real estate investment trust’s stock after purchasing an additional 14,431 shares during the quarter. HL Financial Services LLC’s holdings in Ventas were worth $1,822,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of Ventas by 0.4% in the first quarter. Principal Financial Group Inc. now owns 548,783 shares of the real estate investment trust’s stock valued at $27,181,000 after buying an additional 1,915 shares during the period. DnB Asset Management AS lifted its stake in shares of Ventas by 3.7% in the second quarter. DnB Asset Management AS now owns 42,039 shares of the real estate investment trust’s stock valued at $2,394,000 after buying an additional 1,500 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Ventas by 47.5% in the second quarter. IFM Investors Pty Ltd now owns 15,995 shares of the real estate investment trust’s stock valued at $911,000 after buying an additional 5,152 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of Ventas by 7.6% in the second quarter. Xact Kapitalforvaltning AB now owns 76,006 shares of the real estate investment trust’s stock valued at $4,329,000 after buying an additional 5,343 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Ventas by 6.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 103,645 shares of the real estate investment trust’s stock valued at $5,903,000 after buying an additional 6,446 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.
In related news, EVP T Richard Riney sold 13,708 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
NYSE:VTR opened at $60.07 on Friday. Ventas, Inc. has a 12-month low of $46.55 and a 12-month high of $65.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $21.24 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 4.42 and a beta of -0.02.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The firm had revenue of $936.54 million during the quarter, compared to analyst estimates of $920.19 million. During the same quarter in the prior year, the business posted $1.71 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that Ventas, Inc. will post 4.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, September 28th. Ventas’s dividend payout ratio (DPR) is presently 75.96%.
Several equities research analysts recently weighed in on VTR shares. Jefferies Financial Group reiterated a “$57.33” rating and issued a $61.00 target price on shares of Ventas in a research note on Wednesday, July 18th. Royal Bank of Canada set a $61.00 target price on shares of Ventas and gave the company a “buy” rating in a research note on Tuesday, July 31st. TheStreet cut shares of Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. ValuEngine upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $58.00 target price on shares of Ventas in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.46.
Ventas Company Profile
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.
Read More: Earnings Reports
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).
Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.