Garde Capital Inc. acquired a new position in shares of Ventas, Inc. (NYSE:VTR) during the third quarter, Holdings Channel reports. The institutional investor acquired 8,046 shares of the real estate investment trust’s stock, valued at approximately $451,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VTR. Synovus Financial Corp increased its position in shares of Ventas by 7.8% in the third quarter. Synovus Financial Corp now owns 2,083 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 150 shares during the last quarter. CWM LLC bought a new position in shares of Ventas during the third quarter worth approximately $170,000. Bremer Trust National Association bought a new position in shares of Ventas during the third quarter worth approximately $207,000. Quadrature Capital Ltd bought a new position in shares of Ventas during the third quarter worth approximately $207,000. Finally, Advisor Partners LLC bought a new position in shares of Ventas during the third quarter worth approximately $212,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ventas, Inc. (NYSE:VTR) opened at 61.77 on Monday. Ventas, Inc. has a 12-month low of $46.87 and a 12-month high of $76.80. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 33.26 and a beta of 0.08. The stock has a 50 day moving average of $61.80 and a 200 day moving average of $66.19.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, February 10th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Ventas had a return on equity of 6.42% and a net margin of 18.85%. The firm had revenue of $875.70 million for the quarter. During the same period last year, the firm posted $0.37 earnings per share. Ventas’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Ventas, Inc. will post $1.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, March 7th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.02%. Ventas’s payout ratio is 166.67%.
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A number of analysts have recently weighed in on VTR shares. Zacks Investment Research upgraded shares of Ventas from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, November 1st. Mizuho reiterated a “buy” rating and set a $84.00 target price on shares of Ventas in a research note on Monday, October 24th. Jefferies Group LLC upgraded shares of Ventas from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $75.00 in a research note on Thursday, October 20th. Hilliard Lyons upgraded shares of Ventas from an “underperform” rating to a “neutral” rating in a research note on Friday, November 11th. Finally, BMO Capital Markets reiterated a “sell” rating and set a $55.00 target price on shares of Ventas in a research note on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $62.80.
Ventas, Inc is a healthcare 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 MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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