Whittier Trust Co. boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 95.9% during the fourth quarter, HoldingsChannel reports. The firm owned 10,564 shares of the real estate investment trust’s stock after purchasing an additional 5,171 shares during the quarter. Whittier Trust Co.’s holdings in Ventas were worth $634,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. AMG Funds LLC boosted its position in Ventas by 31.8% during the fourth quarter. AMG Funds LLC now owns 32,839 shares of the real estate investment trust’s stock valued at $1,971,000 after purchasing an additional 7,929 shares in the last quarter. Swiss National Bank boosted its position in Ventas by 0.8% during the fourth quarter. Swiss National Bank now owns 1,446,080 shares of the real estate investment trust’s stock valued at $86,779,000 after purchasing an additional 11,100 shares in the last quarter. California Public Employees Retirement System boosted its position in Ventas by 6.5% during the fourth quarter. California Public Employees Retirement System now owns 876,399 shares of the real estate investment trust’s stock valued at $52,593,000 after purchasing an additional 53,382 shares in the last quarter. River Road Asset Management LLC boosted its position in Ventas by 14.3% during the fourth quarter. River Road Asset Management LLC now owns 1,091,458 shares of the real estate investment trust’s stock valued at $65,498,000 after purchasing an additional 136,620 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Ventas by 1,925.5% during the fourth quarter. Teacher Retirement System of Texas now owns 97,752 shares of the real estate investment trust’s stock valued at $5,866,000 after purchasing an additional 92,926 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.
VTR has been the topic of a number of recent research reports. Capital One Financial raised Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. UBS Group cut Ventas from a “market perform” rating to an “underperform” rating in a research note on Monday, December 4th. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. BMO Capital Markets set a $62.00 price target on Ventas and gave the company a “sell” rating in a research note on Friday, October 27th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Ventas in a research note on Monday, December 4th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.31.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.03. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The firm had revenue of $895.30 million during the quarter, compared to analysts’ expectations of $895.92 million. During the same period last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts anticipate that Ventas, Inc. will post 4.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Monday, April 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Thursday, March 29th. Ventas’s payout ratio is 188.10%.
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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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