Brookstone Capital Management Buys 4,303 Shares of Ventas, Inc. (VTR)
Brookstone Capital Management raised its stake in Ventas, Inc. (NYSE:VTR) by 37.6% in the 4th quarter, Holdings Channel reports. The firm owned 15,732 shares of the real estate investment trust’s stock after acquiring an additional 4,303 shares during the period. Brookstone Capital Management’s holdings in Ventas were worth $944,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in VTR. Janus Henderson Group PLC lifted its position in Ventas by 97.0% in the second quarter. Janus Henderson Group PLC now owns 97,313 shares of the real estate investment trust’s stock valued at $6,762,000 after purchasing an additional 47,905 shares during the last quarter. Gotham Asset Management LLC lifted its position in Ventas by 33.7% in the second quarter. Gotham Asset Management LLC now owns 5,719 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 1,440 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Ventas in the second quarter valued at approximately $285,000. Raymond James Financial Services Advisors Inc. lifted its position in Ventas by 5.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,333 shares of the real estate investment trust’s stock valued at $2,594,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in Ventas by 22.5% in the second quarter. Verition Fund Management LLC now owns 4,394 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
VTR has been the subject of several recent research reports. Stifel Nicolaus set a $56.00 price objective on Ventas and gave the company a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets set a $55.00 target price on Ventas and gave the company a “sell” rating in a report on Friday, February 9th. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Capital One Financial upgraded Ventas from an “equal weight” rating to an “overweight” rating in a report on Monday, October 30th. Finally, KeyCorp set a $50.00 target price on Ventas and gave the company a “sell” rating in a report on Thursday, January 11th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and a consensus price target of $58.31.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, February 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. The company had revenue of $895.30 million for the quarter, compared to analysts’ expectations of $895.92 million. Ventas had a return on equity of 5.99% and a net margin of 37.95%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. analysts predict that Ventas, Inc. will post 4.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Monday, April 2nd will be paid a $0.79 dividend. The ex-dividend date is Thursday, March 29th. This represents a $3.16 annualized dividend and a yield of 6.23%. Ventas’s payout ratio is 177.53%.
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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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