Colony Group LLC Boosts Position in Ventas, Inc. (NYSE:VTR)
Colony Group LLC raised its position in Ventas, Inc. (NYSE:VTR) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 60,841 shares of the real estate investment trust’s stock after acquiring an additional 3,988 shares during the quarter. Colony Group LLC’s holdings in Ventas were worth $3,513,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Glassman Wealth Services increased its stake in shares of Ventas by 438.9% during the 4th quarter. Glassman Wealth Services now owns 582 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 474 shares in the last quarter. Burt Wealth Advisors grew its holdings in Ventas by 27.8% during the 4th quarter. Burt Wealth Advisors now owns 804 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 175 shares during the last quarter. CSat Investment Advisory L.P. grew its holdings in Ventas by 36.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 956 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 256 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in Ventas during the fourth quarter worth $75,000. Finally, Quantum Capital Management purchased a new position in Ventas during the third quarter worth $101,000. Institutional investors and hedge funds own 88.37% of the company’s stock.
VTR has been the topic of a number of analyst reports. ValuEngine raised Ventas from a “sell” rating to a “hold” rating in a research note on Tuesday. KeyCorp cut their target price on shares of Ventas from $55.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, December 17th. Mizuho started coverage on shares of Ventas in a report on Friday, December 20th. They issued a “neutral” rating and a $58.00 target price on the stock. Argus raised shares of Ventas from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Co downgraded shares of Ventas from a “market perform” rating to an “underperform” rating and set a $56.00 price target for the company. in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.50.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.89). Ventas had a return on equity of 4.08% and a net margin of 11.18%. The company had revenue of $996.00 million for the quarter, compared to analysts’ expectations of $977.88 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Wednesday, April 1st will be issued a $0.7925 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.17 dividend on an annualized basis and a yield of 11.16%. Ventas’s payout ratio is 82.34%.
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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