Duff & Phelps Investment Management Co. Sells 21,400 Shares of Ventas Inc. (VTR)
Duff & Phelps Investment Management Co. lowered its stake in shares of Ventas Inc. (NYSE:VTR) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843,276 shares of the real estate investment trust’s stock after selling 21,400 shares during the period. Duff & Phelps Investment Management Co. owned about 0.25% of Ventas worth $61,407,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in VTR. National Pension Service raised its stake in Ventas by 4.2% in the first quarter. National Pension Service now owns 208,956 shares of the real estate investment trust’s stock valued at $13,156,000 after buying an additional 8,512 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Ventas by 6.7% in the first quarter. Nuveen Asset Management LLC now owns 1,413,603 shares of the real estate investment trust’s stock valued at $89,000,000 after buying an additional 88,567 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in Ventas during the first quarter valued at $4,065,000. Geode Capital Management LLC raised its stake in Ventas by 3.8% in the first quarter. Geode Capital Management LLC now owns 3,351,094 shares of the real estate investment trust’s stock valued at $210,638,000 after buying an additional 121,627 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Ventas during the first quarter valued at $1,152,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.
Ventas Inc. (NYSE:VTR) traded up 0.43% during mid-day trading on Wednesday, reaching $67.95. The company’s stock had a trading volume of 1,200,689 shares. Ventas Inc. has a 12 month low of $46.87 and a 12 month high of $76.80. The stock’s 50 day moving average is $69.73 and its 200 day moving average is $69.10. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 52.31 and a beta of 0.31.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.04. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The company earned $848.50 million during the quarter, compared to analyst estimates of $845.40 million. During the same period last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Ventas Inc. will post $4.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.73 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.30%. Ventas’s dividend payout ratio (DPR) is presently 224.62%.
Several analysts have weighed in on the stock. Mizuho reiterated a “buy” rating and set a $84.00 target price (up previously from $82.00) on shares of Ventas in a research note on Monday, August 1st. Zacks Investment Research downgraded shares of Ventas from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Hilliard Lyons downgraded shares of Ventas from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. Raymond James Financial Inc. began coverage on shares of Ventas in a report on Tuesday, July 26th. They set a “market perform” rating for the company. Finally, BTIG Research began coverage on shares of Ventas in a report on Thursday, August 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Ventas has an average rating of “Hold” and a consensus price target of $67.00.
In other news, EVP John D. Cobb sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $75.05, for a total value of $4,503,000.00. Following the completion of the sale, the executive vice president now directly owns 66,256 shares in the company, valued at $4,972,512.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP T Richard Riney sold 169,450 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $72.98, for a total value of $12,366,461.00. Following the completion of the sale, the executive vice president now owns 176,170 shares of the company’s stock, valued at $12,856,886.60. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Ventas, Inc is a healthcare 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 MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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