Private Advisor Group LLC boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 130.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,564 shares of the real estate investment trust’s stock after buying an additional 29,222 shares during the quarter. Private Advisor Group LLC’s holdings in Ventas were worth $2,804,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Summit X LLC boosted its stake in Ventas by 66.9% during the third quarter. Summit X LLC now owns 12,134 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 4,863 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Ventas by 472.0% in the third quarter. Valeo Financial Advisors LLC now owns 4,599 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 3,795 shares during the period. US Bancorp DE boosted its stake in shares of Ventas by 16.0% in the third quarter. US Bancorp DE now owns 66,163 shares of the real estate investment trust’s stock valued at $3,598,000 after purchasing an additional 9,144 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Ventas by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 510,398 shares of the real estate investment trust’s stock valued at $27,755,000 after purchasing an additional 1,491 shares during the period. Finally, First Dallas Securities Inc. purchased a new position in shares of Ventas in the third quarter valued at approximately $210,000. 84.54% of the stock is owned by institutional investors.
In related news, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.
Shares of Ventas stock opened at $60.07 on Friday. Ventas, Inc. has a 52-week low of $46.55 and a 52-week high of $65.72. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $21.01 billion, a P/E ratio of 14.44, a PEG ratio of 4.37 and a beta of -0.02.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The company had revenue of $936.54 million during the quarter, compared to the consensus estimate of $920.19 million. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Ventas, Inc. will post 4.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were paid a $0.79 dividend. The ex-dividend date was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a yield of 5.26%. Ventas’s dividend payout ratio is currently 75.96%.
VTR has been the subject of several recent research reports. TheStreet lowered shares of Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Jefferies Financial Group reissued a “$57.33” rating and issued a $61.00 price objective on shares of Ventas in a research note on Wednesday, July 18th. JPMorgan Chase & Co. initiated coverage on shares of Ventas in a research note on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 price objective for the company. Stifel Nicolaus set a $55.00 price objective on shares of Ventas and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, Royal Bank of Canada lowered shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective for the company. in a research note on Friday, November 2nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.46.
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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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