Ventas, Inc. (VTR) Holdings Lowered by Financial Counselors Inc.
Financial Counselors Inc. trimmed its position in Ventas, Inc. (NYSE:VTR) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,398 shares of the real estate investment trust’s stock after selling 3,409 shares during the quarter. Financial Counselors Inc.’s holdings in Ventas were worth $8,087,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cribstone Capital Management LLC boosted its holdings in shares of Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Ventas by 48.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 650 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 65 shares during the period. Trust Co. of Virginia VA acquired a new position in shares of Ventas in the first quarter worth about $202,000. Finally, Northern Capital Management LLC acquired a new position in shares of Ventas in the second quarter worth about $202,000. Institutional investors own 89.36% of the company’s stock.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the transaction, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
Ventas, Inc. (NYSE VTR) traded up 0.64% during mid-day trading on Friday, hitting $69.47. 1,684,838 shares of the stock were exchanged. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $73.23. The firm has a 50-day moving average price of $67.17 and a 200-day moving average price of $66.06. The stock has a market capitalization of $24.74 billion, a P/E ratio of 35.19 and a beta of 0.08.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same period in the previous year, the firm earned $0.42 EPS. Ventas’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be given a $0.775 dividend. The ex-dividend date is Monday, September 11th. This represents a $3.10 annualized dividend and a dividend yield of 4.46%. Ventas’s dividend payout ratio is presently 157.36%.
A number of analysts have recently issued reports on VTR shares. BidaskClub raised shares of Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mitsubishi UFJ Financial Group started coverage on shares of Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target for the company. Mizuho reissued a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target on shares of Ventas in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Ventas currently has an average rating of “Hold” and an average target price of $64.57.
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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