Bank of Montreal Can Purchases 242,925 Shares of Ventas, Inc. (VTR)
Bank of Montreal Can boosted its position in Ventas, Inc. (NYSE:VTR) by 38.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 872,764 shares of the real estate investment trust’s stock after acquiring an additional 242,925 shares during the period. Bank of Montreal Can’s holdings in Ventas were worth $52,374,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Amica Retiree Medical Trust bought a new position in Ventas in the third quarter valued at about $131,000. Cable Hill Partners LLC bought a new position in Ventas in the third quarter valued at about $174,000. Carnick & Kubik Group LLC bought a new position in Ventas in the third quarter valued at about $204,000. Vident Investment Advisory LLC bought a new position in Ventas in the third quarter valued at about $206,000. Finally, AlphaStar Capital Management LLC bought a new position in Ventas in the third quarter valued at about $209,000. Institutional investors and hedge funds own 90.10% of the company’s stock.
VTR has been the topic of several recent research reports. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Capital One Financial assumed coverage on Ventas in a research note on Monday, September 25th. They issued an “equal weight” rating and a $69.00 target price on the stock. Zacks Investment Research raised Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. SunTrust Banks set a $67.00 target price on Ventas and gave the company a “hold” rating in a research note on Sunday, October 29th. Finally, Bank of America lowered Ventas from a “buy” rating to a “neutral” rating and cut their target price for the company from $72.00 to $71.00 in a research note on Friday, September 22nd. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.00.
Ventas (NYSE:VTR) last released 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 company had revenue of $899.90 million during the quarter, compared to analyst estimates of $893.18 million. During the same period in the previous year, the company posted $1.03 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. equities research analysts expect that Ventas, Inc. will post 4.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.79 dividend. This is a positive change 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 5.80%. Ventas’s dividend payout ratio is presently 188.10%.
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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