Brasada Capital Management LP boosted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 28.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,110 shares of the real estate investment trust’s stock after acquiring an additional 2,244 shares during the period. Brasada Capital Management LP’s holdings in Ventas were worth $592,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in VTR. Reilly Financial Advisors LLC acquired a new stake in Ventas during the 4th quarter valued at $35,000. Eukles Asset Management acquired a new stake in Ventas during the 4th quarter valued at $48,000. Atlas Capital Advisors LLC acquired a new stake in shares of Ventas in the 4th quarter valued at $56,000. Parallel Advisors LLC increased its stake in shares of Ventas by 44.3% in the 4th quarter. Parallel Advisors LLC now owns 1,564 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 480 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Ventas by 30.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,813 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 426 shares during the period. 86.02% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total value of $633,100.00. Following the transaction, the chief financial officer now directly owns 100,064 shares in the company, valued at approximately $6,335,051.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP T Richard Riney sold 15,676 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $65.00, for a total value of $1,018,940.00. The disclosure for this sale can be found here. Insiders sold a total of 40,964 shares of company stock worth $2,607,540 over the last 90 days. 1.40% of the stock is owned by corporate insiders.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The business had revenue of $923.26 million for the quarter, compared to analyst estimates of $913.92 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Ventas, Inc. will post 3.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be given a $0.7925 dividend. The ex-dividend date is Friday, March 29th. This represents a $3.17 annualized dividend and a dividend yield of 5.00%. Ventas’s dividend payout ratio is currently 77.89%.
Several research firms have recently commented on VTR. TheStreet cut Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. ValuEngine raised Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. BMO Capital Markets lifted their target price on Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday. Scotiabank began coverage on Ventas in a research note on Monday, December 10th. They issued a “sector perform” rating and a $66.00 target price for the company. Finally, KeyCorp set a $55.00 target price on Ventas and gave the company a “sell” rating in a research note on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and a consensus target price of $57.92.
Ventas Company Profile
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.
Further Reading: Net Asset Value
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