Ventas, Inc. (VTR) Shares Sold by Evercore Wealth Management LLC
Evercore Wealth Management LLC lessened its position in Ventas, Inc. (NYSE:VTR) by 38.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,193 shares of the real estate investment trust’s stock after selling 1,370 shares during the quarter. Evercore Wealth Management LLC’s holdings in Ventas were worth $152,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Cribstone Capital Management LLC raised its holdings in shares of Ventas by 1.5% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Ventas by 48.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 650 shares during the period. Northern Capital Management LLC purchased a new stake in shares of Ventas in the 2nd quarter valued at $202,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Ventas in the 2nd quarter valued at $203,000. Finally, Strategic Financial Group LLC purchased a new stake in shares of Ventas in the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 89.17% of the company’s stock.
Shares of Ventas, Inc. (NYSE:VTR) opened at 65.13 on Friday. The firm’s 50-day moving average price is $67.37 and its 200 day moving average price is $66.32. The stock has a market cap of $23.20 billion, a P/E ratio of 32.99 and a beta of 0.08. Ventas, Inc. has a one year low of $56.20 and a one year high of $73.23.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating 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 company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
VTR has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. BidaskClub downgraded Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Capital One Financial Corporation initiated coverage on Ventas in a report on Monday, September 25th. They issued an “equal weight” rating and a $69.00 price objective on the stock. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price objective on shares of Ventas in a report on Tuesday, August 29th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Ventas has an average rating of “Hold” and an average target price of $64.70.
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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