Cornercap Investment Counsel Inc. raised its holdings in shares of Ventas, Inc. (NYSE:VTR) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,285 shares of the real estate investment trust’s stock after acquiring an additional 1,400 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Ventas were worth $1,337,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Guggenheim Capital LLC raised its position in shares of Ventas by 13.7% during the 4th quarter. Guggenheim Capital LLC now owns 675,410 shares of the real estate investment trust’s stock valued at $40,532,000 after acquiring an additional 81,164 shares during the last quarter. Virtue Capital Management LLC bought a new stake in shares of Ventas in the 4th quarter valued at $713,000. Franklin Resources Inc. increased its position in shares of Ventas by 20.2% in the 4th quarter. Franklin Resources Inc. now owns 343,945 shares of the real estate investment trust’s stock valued at $20,640,000 after buying an additional 57,813 shares in the last quarter. Jefferies Group LLC increased its position in shares of Ventas by 5.1% in the 4th quarter. Jefferies Group LLC now owns 216,291 shares of the real estate investment trust’s stock valued at $12,980,000 after buying an additional 10,553 shares in the last quarter. Finally, Ironvine Capital Partners LLC bought a new stake in shares of Ventas in the 4th quarter valued at $760,000. Institutional investors own 88.83% of the company’s stock.
A number of research firms recently commented on VTR. TheStreet cut shares of Ventas from a “b-” rating to a “c+” rating in a research report on Thursday, March 8th. Jefferies Group restated a “hold” rating and issued a $54.00 price objective on shares of Ventas in a research report on Tuesday, February 13th. Citigroup lowered their price objective on shares of Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, February 13th. Wells Fargo & Co set a $54.00 price objective on shares of Ventas and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Ventas and gave the company a “hold” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Ventas presently has a consensus rating of “Hold” and a consensus target price of $58.31.
Ventas (NYSE:VTR) last issued its earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. Ventas had a net margin of 37.95% and a return on equity of 5.99%. The business had revenue of $895.30 million during the quarter, compared to the consensus estimate of $895.92 million. During the same period last year, the business posted $0.58 EPS. Ventas’s revenue was up 2.2% on a year-over-year basis. research analysts anticipate that Ventas, Inc. will post 4.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $3.16 annualized dividend and a yield of 6.27%. Ventas’s dividend payout ratio is currently 188.10%.
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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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