Edgestream Partners L.P. boosted its position in Ventas, Inc. (NYSE:VTR) by 201.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,640 shares of the real estate investment trust’s stock after buying an additional 17,134 shares during the period. Ventas makes up 0.7% of Edgestream Partners L.P.’s portfolio, making the stock its 29th largest position. Edgestream Partners L.P.’s holdings in Ventas were worth $1,668,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. purchased a new position in Ventas during the fourth quarter worth approximately $2,063,000. Norges Bank purchased a new position in Ventas during the fourth quarter worth approximately $165,072,000. AE Wealth Management LLC purchased a new position in Ventas during the fourth quarter worth approximately $259,000. Hanlon Investment Management Inc. purchased a new position in Ventas during the fourth quarter worth approximately $2,879,000. Finally, Thrivent Financial for Lutherans boosted its position in Ventas by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 155,100 shares of the real estate investment trust’s stock worth $9,697,000 after buying an additional 7,620 shares during the period. Institutional investors own 91.28% of the company’s stock.
Shares of Ventas, Inc. (NYSE:VTR) traded down 0.15% during trading on Wednesday, hitting $71.06. The company’s stock had a trading volume of 215,273 shares. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $76.80. The company has a market cap of $25.22 billion, a PE ratio of 36.11 and a beta of 0.13. The firm’s 50 day moving average price is $66.45 and its 200-day moving average price is $63.65.
Ventas (NYSE:VTR) last released its earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.58. The company had revenue of $883.44 million during the quarter, compared to the consensus estimate of $873.56 million. Ventas had a return on equity of 6.34% and a net margin of 20.10%. Ventas’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. On average, analysts predict that Ventas, Inc. will post $1.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th will be given a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, June 2nd. Ventas’s payout ratio is currently 157.36%.
A number of research analysts have commented on the company. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. BidaskClub upgraded Ventas from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. BMO Capital Markets restated a “sell” rating and set a $60.00 price target on shares of Ventas in a research note on Wednesday, April 12th. Evercore ISI cut Ventas from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $58.00 price target on shares of Ventas in a research note on Friday, April 7th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Ventas has an average rating of “Hold” and a consensus price target of $65.44.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the sale, the chairman now owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
Ventas Company Profile
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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