Riverhead Capital Management LLC Sells 29,601 Shares of Ventas, Inc. (VTR)
Riverhead Capital Management LLC cut its position in shares of Ventas, Inc. (NYSE:VTR) by 57.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,574 shares of the real estate investment trust’s stock after selling 29,601 shares during the period. Riverhead Capital Management LLC’s holdings in Ventas were worth $1,499,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of VTR. Cribstone Capital Management LLC raised its stake in shares of Ventas by 1.5% during the 2nd quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 28 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Ventas by 48.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 650 shares in the last quarter. Northern Capital Management LLC purchased a new stake in shares of Ventas during the 2nd quarter worth about $202,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Ventas during the 2nd quarter worth about $203,000. Finally, Strategic Financial Group LLC purchased a new stake in shares of Ventas during the 2nd quarter worth about $208,000. 89.36% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on VTR shares. BidaskClub raised Ventas from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research note on Tuesday, August 29th. Mizuho reissued a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Ventas in a research note on Wednesday, September 6th. Finally, Mitsubishi UFJ Financial Group began coverage on Ventas in a research note on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.57.
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Ventas, Inc. (NYSE:VTR) opened at 69.36 on Friday. The company has a 50 day moving average price of $67.30 and a 200-day moving average price of $66.24. The company has a market capitalization of $24.70 billion, a P/E ratio of 35.14 and a beta of 0.08. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $73.23.
Ventas (NYSE:VTR) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analyst estimates of $890.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Ventas’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Ventas, Inc. will post $1.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.775 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $3.10 annualized dividend and a yield of 4.47%. Ventas’s payout ratio is presently 157.36%.
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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