Phocas Financial Corp. decreased its stake in Ventas, Inc. (NYSE:VTR) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,642 shares of the real estate investment trust’s stock after selling 4,287 shares during the quarter. Phocas Financial Corp.’s holdings in Ventas were worth $759,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of VTR. New York State Common Retirement Fund boosted its stake in shares of Ventas by 3.5% in the third quarter. New York State Common Retirement Fund now owns 831,429 shares of the real estate investment trust’s stock worth $54,151,000 after buying an additional 28,475 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Ventas by 29.4% in the third quarter. Teacher Retirement System of Texas now owns 4,826 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 1,097 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ventas by 5.4% in the third quarter. Ameriprise Financial Inc. now owns 649,914 shares of the real estate investment trust’s stock worth $42,323,000 after buying an additional 33,216 shares during the last quarter. Cipher Capital LP purchased a new stake in shares of Ventas in the third quarter worth about $751,000. 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 worth $622,000 after buying an additional 904 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.
VTR has been the subject of a number of analyst reports. Stifel Nicolaus set a $56.00 price target on Ventas and gave the stock a “hold” rating in a report on Friday, February 9th. Mizuho set a $53.00 price target on Ventas and gave the stock a “hold” rating in a report on Friday, February 9th. Wells Fargo set a $54.00 price target on Ventas and gave the stock a “hold” rating in a report on Tuesday, February 13th. Jefferies Group reaffirmed a “hold” rating and issued a $54.00 price target on shares of Ventas in a report on Tuesday, February 13th. Finally, Citigroup reduced their price target on Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $58.23.
Ventas (NYSE:VTR) last announced its earnings results on Friday, February 9th. The real estate investment trust reported $1.03 EPS for the quarter, meeting analysts’ consensus estimates of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The business had revenue of $895.30 million during the quarter, compared to analysts’ expectations of $895.92 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. equities research analysts expect that Ventas, Inc. will post 4.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.79 per share. 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 6.41%. Ventas’s payout ratio is currently 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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