Tekla Capital Management LLC reduced its stake in Ventas, Inc. (NYSE:VTR) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,996 shares of the real estate investment trust’s stock after selling 87,995 shares during the quarter. Tekla Capital Management LLC’s holdings in Ventas were worth $5,281,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. HL Financial Services LLC boosted its stake in shares of Ventas by 7.3% in the third quarter. HL Financial Services LLC now owns 11,894 shares of the real estate investment trust’s stock valued at $775,000 after buying an additional 807 shares in the last quarter. Camden National Bank boosted its stake in shares of Ventas by 0.6% in the third quarter. Camden National Bank now owns 138,409 shares of the real estate investment trust’s stock valued at $9,015,000 after buying an additional 807 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in shares of Ventas by 9.9% in the third quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 9,895 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 895 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Ventas by 2.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 38,024 shares of the real estate investment trust’s stock valued at $2,477,000 after buying an additional 903 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Ventas by 10.5% in the third quarter. Pacer Advisors Inc. now owns 9,546 shares of the real estate investment trust’s stock valued at $622,000 after buying an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.
A number of analysts have commented on VTR shares. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. TheStreet downgraded Ventas from a “b-” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research upgraded Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. SunTrust Banks set a $55.00 target price on Ventas and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Mizuho set a $53.00 target price on Ventas and gave the stock a “hold” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Ventas has a consensus rating of “Hold” and an average price target of $58.31.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The company had revenue of $895.30 million during the quarter, compared to analysts’ expectations of $895.92 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Ventas, Inc. will post 4.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.36%. Ventas’s dividend payout ratio (DPR) is 83.82%.
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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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