Benjamin F. Edwards & Company Inc. grew its stake in Ventas, Inc. (NYSE:VTR) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,776 shares of the real estate investment trust’s stock after purchasing an additional 183 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Ventas were worth $104,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Reilly Financial Advisors LLC acquired a new stake in Ventas during the 4th quarter worth $35,000. Eukles Asset Management acquired a new stake in Ventas during the 4th quarter worth $48,000. Atlas Capital Advisors LLC acquired a new stake in Ventas during the 4th quarter worth $56,000. Quadrant Capital Group LLC raised its stake in Ventas by 30.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,813 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 426 shares during the period. Finally, Columbia Asset Management acquired a new stake in Ventas during the 3rd quarter worth $111,000. 86.02% of the stock is currently owned by institutional investors.
VTR has been the topic of several research analyst reports. Zacks Investment Research downgraded Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine raised Ventas from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Royal Bank of Canada downgraded Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective on the stock. in a research note on Friday, November 2nd. JPMorgan Chase & Co. initiated coverage on Ventas in a research note on Tuesday, October 30th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Stifel Nicolaus set a $55.00 price objective on Ventas and gave the stock a “hold” rating in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.92.
Ventas (NYSE:VTR) last released its earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. As a group, sell-side analysts forecast that Ventas, Inc. will post 3.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, March 29th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
In other Ventas news, EVP T Richard Riney sold 15,676 shares of the 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 accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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