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Will Ventas (VTR) Generate Strong Returns for its Shareholders?

Baron Funds, an investment management company, released its “Baron Real Estate Income Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund rose 2.10% (Institutional Shares) compared to a 4.90% return for the MSCI US REIT Index (the “REIT Index”). For 2022, the fund declined 27.47% underperforming the benchmark which declined 25.37%. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Baron Real Estate Income Fund highlighted stocks like Ventas, Inc. (NYSE:VTR) in the fourth quarter 2022 investor letter. Headquartered in Chicago, Illinois, Ventas, Inc. (NYSE:VTR) is a real estate investment trust that owns and operates healthcare and housing properties. On March 13, 2023, Ventas, Inc. (NYSE:VTR) stock closed at $44.92 per share. One-month return of Ventas, Inc. (NYSE:VTR) was -11.64%, and its shares lost 22.84% of their value over the last 52 weeks. Ventas, Inc. (NYSE:VTR) has a market capitalization of $17.968 billion.

Baron Real Estate Income Fund made the following comment about Ventas, Inc. (NYSE:VTR) in its Q4 2022 investor letter:

"In the fourth quarter of 2022, we initiated a position in Ventas, Inc. (NYSE:VTR), a health care REIT that owns a $30 billion portfolio of senior housing, medical office, hospitals, and life science properties. The company’s scale allows it to swiftly act on large investment opportunities. We believe the company’s senior housing portfolio, which represents approximately 45% of assets, should deliver improved operating results in the next few years.

Following COVID-19-related operational challenges in 2020 and 2021, health care real estate fundamentals began to improve in 2022. Rent increases and occupancy gains have been heading in the right direction. Muted supply growth in the next two to three years (due to increasing financing and construction costs and supply-chain challenges) should amplify the recovery in fundamentals. The long-term demand outlook is favorable, driven in part by growth of the 80-plus population which is expected to accelerate in the years ahead."

Richest People Who Made Money Investing in Real Estate
Richest People Who Made Money Investing in Real Estate

Photo by Blake Wheeler on Unsplash

Ventas, Inc. (NYSE:VTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Ventas, Inc. (NYSE:VTR) at the end of the fourth quarter which was 24 in the previous quarter.

We discussed Ventas, Inc. (NYSE:VTR) in another article and shared the list of top performing dividend stocks in January 2023. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

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