Ventas, Inc. (VTR) Position Maintained by Bennicas & Associates Inc.
Bennicas & Associates Inc. maintained its position in shares of Ventas, Inc. (NYSE:VTR) during the first quarter, Holdings Channel reports. The firm owned 15,700 shares of the real estate investment trust’s stock at the end of the first quarter. Bennicas & Associates Inc.’s holdings in Ventas were worth $1,021,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Ventas during the fourth quarter worth approximately $109,000. Cribstone Capital Management LLC bought a new position in shares of Ventas during the first quarter worth approximately $123,000. Synovus Financial Corp raised its position in shares of Ventas by 7.8% in the third quarter. Synovus Financial Corp now owns 2,083 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 150 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Ventas during the third quarter worth approximately $207,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ventas during the fourth quarter worth approximately $215,000. 91.98% of the stock is owned by institutional investors and hedge funds.
Shares of Ventas, Inc. (NYSE:VTR) traded up 1.49% during mid-day trading on Tuesday, reaching $66.82. 879,087 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $63.28 and a 200-day moving average price of $63.01. The stock has a market cap of $23.70 billion, a PE ratio of 35.98 and a beta of 0.08. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $76.80.
Ventas (NYSE:VTR) last posted its earnings results on Friday, February 10th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. Ventas had a return on equity of 6.42% and a net margin of 18.85%. The company had revenue of $875.71 million for the quarter, compared to the consensus estimate of $843.40 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Ventas, Inc. will post $1.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Tuesday, March 7th were given a $0.775 dividend. The ex-dividend date of this dividend was Friday, March 3rd. This represents a $3.10 dividend on an annualized basis and a yield of 4.71%. Ventas’s dividend payout ratio is currently 166.67%.
Several research analysts recently issued reports on VTR shares. Zacks Investment Research raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC reissued a “hold” rating and issued a $58.00 price target on shares of Ventas in a research report on Tuesday, January 31st. SunTrust Banks, Inc. started coverage on shares of Ventas in a research report on Tuesday, March 21st. They issued a “hold” rating and a $64.00 price target for the company. BMO Capital Markets reissued a “sell” rating and issued a $55.00 price target on shares of Ventas in a research report on Tuesday, January 10th. Finally, Goldman Sachs Group Inc lowered shares of Ventas from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a research report on Wednesday, March 15th. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $63.78.
Ventas Company Profile
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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