Synovus Financial Corp Increases Stock Position in Ventas, Inc. (NYSE:VTR)
Synovus Financial Corp lifted its holdings in Ventas, Inc. (NYSE:VTR) by 9.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,328 shares of the real estate investment trust’s stock after purchasing an additional 475 shares during the period. Synovus Financial Corp’s holdings in Ventas were worth $390,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in VTR. Thomasville National Bank lifted its position in shares of Ventas by 2.9% in the 2nd quarter. Thomasville National Bank now owns 28,769 shares of the real estate investment trust’s stock worth $1,966,000 after purchasing an additional 808 shares during the period. Private Trust Co. NA purchased a new stake in Ventas during the second quarter valued at approximately $276,000. Pensionfund DSM Netherlands lifted its position in Ventas by 59.2% during the second quarter. Pensionfund DSM Netherlands now owns 99,482 shares of the real estate investment trust’s stock valued at $6,800,000 after acquiring an additional 37,000 shares during the last quarter. Pensionfund Sabic lifted its position in Ventas by 88.1% during the second quarter. Pensionfund Sabic now owns 53,362 shares of the real estate investment trust’s stock valued at $3,648,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Eii Capital Management Inc. lifted its position in Ventas by 6.5% during the second quarter. Eii Capital Management Inc. now owns 72,438 shares of the real estate investment trust’s stock valued at $4,951,000 after acquiring an additional 4,427 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on VTR. BMO Capital Markets decreased their target price on shares of Ventas to $63.00 and set a “market perform” rating for the company in a research report on Friday. Berenberg Bank began coverage on shares of Ventas in a research report on Thursday, September 12th. They set a “hold” rating and a $72.00 target price for the company. Capital One Financial cut shares of Ventas from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $72.00 to $68.00 in a research report on Monday, October 28th. Barclays began coverage on shares of Ventas in a research report on Tuesday, September 3rd. They set an “equal weight” rating and a $74.00 target price for the company. Finally, ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $66.58.
Shares of NYSE VTR traded down $0.46 during midday trading on Friday, reaching $59.54. The company had a trading volume of 1,627,955 shares, compared to its average volume of 2,132,293. The business’s 50-day simple moving average is $70.09 and its 200 day simple moving average is $68.38. The stock has a market cap of $22.54 billion, a P/E ratio of 14.63, a P/E/G ratio of 5.21 and a beta of 0.17. Ventas, Inc. has a 1 year low of $56.52 and a 1 year high of $75.40. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.11.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.71). The company had revenue of $983.16 million during the quarter, compared to analysts’ expectations of $935.43 million. Ventas had a return on equity of 4.59% and a net margin of 12.73%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. Analysts predict that Ventas, Inc. will post 3.84 earnings per share for the current year.
The firm also recently disclosed a — dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were paid a $0.7925 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a dividend yield of 4.4%. Ventas’s payout ratio is currently 77.89%.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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