Gateway Investment Advisers LLC Reduces Holdings in Ventas, Inc. (VTR)
Gateway Investment Advisers LLC reduced its position in Ventas, Inc. (NYSE:VTR) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 402,963 shares of the real estate investment trust’s stock after selling 11,631 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ventas were worth $24,182,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of VTR. Intl Fcstone Inc. bought a new stake in shares of Ventas during the 2nd quarter worth about $691,000. IFM Investors Pty Ltd bought a new stake in shares of Ventas during the 3rd quarter worth about $647,000. Janus Henderson Group PLC boosted its stake in shares of Ventas by 83.9% during the 3rd quarter. Janus Henderson Group PLC now owns 178,980 shares of the real estate investment trust’s stock worth $11,655,000 after acquiring an additional 81,667 shares in the last quarter. Community Financial Services Group LLC boosted its stake in shares of Ventas by 1.6% during the 3rd quarter. Community Financial Services Group LLC now owns 108,563 shares of the real estate investment trust’s stock worth $7,071,000 after acquiring an additional 1,718 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ventas by 9.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,965 shares of the real estate investment trust’s stock worth $1,886,000 after acquiring an additional 2,600 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on VTR. Capital One Financial upgraded Ventas from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 30th. BMO Capital Markets reiterated a “sell” rating and set a $62.00 price target on shares of Ventas in a research note on Wednesday, October 18th. Raymond James Financial reiterated an “underperform” rating on shares of Ventas in a research note on Monday, December 4th. Bank of America downgraded Ventas from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Finally, Zacks Investment Research downgraded Ventas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and an average price target of $63.00.
Ventas (NYSE:VTR) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business had revenue of $899.90 million for the quarter, compared to the consensus estimate of $893.18 million. During the same quarter in the previous year, the company earned $1.03 EPS. Ventas’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities analysts forecast that Ventas, Inc. will post 4.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. This is an increase from Ventas’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 5.75%. Ventas’s dividend payout ratio is presently 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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