Neuburgh Advisers LLC lessened its holdings in Ventas, Inc. (NYSE:VTR) by 50.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,088 shares of the real estate investment trust’s stock after selling 19,680 shares during the quarter. Neuburgh Advisers LLC’s holdings in Ventas were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Asset Management Inc. raised its holdings in shares of Ventas by 2.7% during the fourth quarter. TD Asset Management Inc. now owns 104,561 shares of the real estate investment trust’s stock valued at $6,126,000 after acquiring an additional 2,750 shares in the last quarter. Comerica Securities Inc. lifted its holdings in shares of Ventas by 56.3% in the 4th quarter. Comerica Securities Inc. now owns 6,942 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 2,500 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Ventas in the 4th quarter worth $504,000. Parallel Advisors LLC lifted its holdings in shares of Ventas by 44.3% in the 4th quarter. Parallel Advisors LLC now owns 1,564 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 480 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Ventas by 5,686.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 2,214,605 shares during the period. 87.16% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on VTR. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Mitsubishi UFJ Financial Group upped their target price on Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Raymond James upgraded Ventas from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Deutsche Bank upped their target price on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Finally, Morgan Stanley began coverage on Ventas in a report on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.46.
VTR opened at $66.76 on Friday. The firm has a market capitalization of $23.45 billion, a PE ratio of 16.40, a P/E/G ratio of 7.24 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. Ventas, Inc. has a 12 month low of $51.80 and a 12 month high of $66.96.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The firm had revenue of $942.80 million during the quarter, compared to analyst estimates of $908.61 million. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. Research analysts expect that Ventas, Inc. will post 3.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be given a $0.7925 dividend. This represents a $3.17 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, June 28th. Ventas’s payout ratio is 77.89%.
In other news, Director Robert D. Reed sold 3,440 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $63.89, for a total value of $219,781.60. Following the completion of the transaction, the director now directly owns 47,709 shares of the company’s stock, valued at approximately $3,048,128.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James D. Shelton sold 5,940 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the completion of the transaction, the director now directly owns 46,860 shares of the company’s stock, valued at $3,036,059.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,493 shares of company stock valued at $1,502,970. Corporate insiders own 1.40% of the company’s stock.
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Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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