Norges Bank purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,091,662 shares of the real estate investment trust’s stock, valued at approximately $200,655,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Ventas by 10.0% during the fourth quarter. Assetmark Inc. now owns 2,362 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 214 shares during the last quarter. Lincoln National Corp grew its stake in shares of Ventas by 3.7% during the fourth quarter. Lincoln National Corp now owns 8,077 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 291 shares during the last quarter. Signaturefd LLC grew its stake in shares of Ventas by 11.2% during the fourth quarter. Signaturefd LLC now owns 2,915 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 294 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Ventas by 2.9% in the fourth quarter. Penserra Capital Management LLC now owns 12,888 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 362 shares during the last quarter. Finally, JustInvest LLC boosted its stake in Ventas by 7.1% in the fourth quarter. JustInvest LLC now owns 5,933 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 395 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on VTR shares. Morgan Stanley raised their price objective on shares of Ventas from $52.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, March 22nd. BMO Capital Markets cut shares of Ventas from a “market perform” rating to an “underperform” rating and set a $49.00 price objective on the stock. in a research note on Thursday, January 7th. Royal Bank of Canada raised their price objective on shares of Ventas from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, March 2nd. Smith Barney Citigroup lifted their price target on shares of Ventas from $35.00 to $50.00 in a research report on Tuesday, December 15th. Finally, Mizuho raised their price objective on shares of Ventas from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, February 9th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.21.
Shares of NYSE VTR opened at $54.50 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20. Ventas, Inc. has a 52 week low of $25.38 and a 52 week high of $58.10. The firm’s fifty day moving average is $54.34 and its 200 day moving average is $48.43. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 49.55, a PEG ratio of 4.34 and a beta of 1.06.
Ventas (NYSE:VTR) last issued its earnings results on Thursday, February 18th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.44). Ventas had a return on equity of 3.88% and a net margin of 10.49%. During the same quarter in the previous year, the company earned $0.03 earnings per share. Equities research analysts anticipate that Ventas, Inc. will post 3.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 14th. Investors of record on Thursday, April 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, March 31st. Ventas’s dividend payout ratio (DPR) is currently 46.75%.
Ventas Company Profile
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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