Wesbanco Bank Inc. Purchases New Position in Ventas, Inc. (NYSE:VTR)

Posted by Defense World Staff on Mar 28th, 2023

Wesbanco Bank Inc. purchased a new stake in Ventas, Inc. (NYSE:VTR – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,758 shares of the real estate investment trust’s stock, valued at approximately $305,000.

A number of other hedge funds have also modified their holdings of VTR. Capital Analysts LLC acquired a new stake in shares of Ventas in the 2nd quarter valued at approximately $30,000. Private Trust Co. NA acquired a new stake in shares of Ventas in the 2nd quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new stake in Ventas during the 3rd quarter worth approximately $32,000. Fairfield Bush & CO. bought a new stake in Ventas during the 1st quarter worth approximately $41,000. Finally, Romano Brothers AND Company bought a new stake in Ventas during the 4th quarter worth approximately $42,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Debra A. Cafaro sold 32,932 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $52.74, for a total value of $1,736,833.68. Following the completion of the sale, the chief executive officer now owns 863,555 shares of the company’s stock, valued at approximately $45,543,890.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on Ventas in a research note on Thursday, March 16th. They set a “sell” rating for the company. Mizuho lowered their target price on Ventas from $61.00 to $60.00 in a research note on Friday, December 2nd. KeyCorp lowered their target price on Ventas from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 1st. Finally, Raymond James increased their target price on Ventas from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Ventas currently has a consensus rating of “Moderate Buy” and an average target price of $56.27.

Ventas Trading Up 1.3 %

NYSE VTR opened at $42.91 on Tuesday. The company has a market cap of $17.16 billion, a PE ratio of -357.58, a PEG ratio of 3.93 and a beta of 1.19. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.20. Ventas, Inc. has a 12 month low of $35.33 and a 12 month high of $64.02. The stock has a 50 day moving average of $48.67 and a 200-day moving average of $45.27.

Ventas (NYSE:VTR – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.72 by ($0.83). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Ventas had a negative net margin of 1.15% and a negative return on equity of 0.45%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. On average, equities research analysts anticipate that Ventas, Inc. will post 2.99 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Monday, April 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, March 31st. Ventas’s payout ratio is presently -1,500.00%.

Ventas Company Profile

(Get Rating)

Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties.