First Bank & Trust acquired a new stake in Ventas Inc. (NYSE:VTR) during the fourth quarter, Holdings Channel reports. The fund acquired 11,489 shares of the real estate investment trust’s stock, valued at approximately $718,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Ventas by 33.6% in the second quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 474 shares during the period. Synovus Financial Corp boosted its position in Ventas by 7.8% in the third quarter. Synovus Financial Corp now owns 2,083 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 150 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in Ventas during the second quarter valued at $160,000. CWM LLC bought a new position in Ventas during the third quarter valued at $170,000. Finally, Financial Architects Inc boosted its position in Ventas by 120.6% in the second quarter. Financial Architects Inc now owns 2,713 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,483 shares during the period. Institutional investors own 89.93% of the company’s stock.
Shares of Ventas Inc. (NYSE:VTR) traded down 1.48% during mid-day trading on Thursday, reaching $61.30. The company had a trading volume of 1,310,229 shares. The firm has a 50-day moving average price of $61.58 and a 200-day moving average price of $67.48. Ventas Inc. has a 1-year low of $46.87 and a 1-year high of $76.80. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 37.13 and a beta of 0.11.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. Ventas had a return on equity of 5.76% and a net margin of 16.61%. The business had revenue of $867.12 million for the quarter, compared to the consensus estimate of $842.66 million. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that Ventas Inc. will post $1.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Tuesday, December 20th were paid a $0.775 dividend. This is an increase from Ventas’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, December 16th. This represents a $3.10 dividend on an annualized basis and a yield of 5.06%. Ventas’s payout ratio is presently 187.88%.
VTR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Ventas from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Tuesday, November 1st. Mizuho reaffirmed a “buy” rating and issued a $84.00 target price on shares of Ventas in a research note on Monday, October 24th. Jefferies Group raised Ventas from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $75.00 in a research note on Thursday, October 20th. Hilliard Lyons raised Ventas from an “underperform” rating to a “neutral” rating in a research note on Friday, November 11th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $55.00 target price on shares of Ventas in a research note on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Ventas currently has an average rating of “Hold” and a consensus price target of $63.50.
Ventas, Inc is a healthcare 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 MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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