Hoylecohen LLC Lowers Position in Ventas, Inc. (VTR)
Hoylecohen LLC decreased its position in Ventas, Inc. (NYSE:VTR) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,585 shares of the real estate investment trust’s stock after selling 1,210 shares during the period. Hoylecohen LLC’s holdings in Ventas were worth $4,663,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Ventas by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after purchasing an additional 1,331,028 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Ventas by 1.1% during the 3rd quarter. Toronto Dominion Bank now owns 231,653 shares of the real estate investment trust’s stock worth $12,594,000 after purchasing an additional 2,610 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Ventas by 8.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 27,533 shares of the real estate investment trust’s stock worth $1,497,000 after purchasing an additional 2,159 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Ventas by 2.1% during the 3rd quarter. Prudential Financial Inc. now owns 545,181 shares of the real estate investment trust’s stock worth $29,647,000 after purchasing an additional 10,970 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its holdings in shares of Ventas by 7.3% during the 3rd quarter. Commonwealth Bank of Australia now owns 40,956 shares of the real estate investment trust’s stock worth $2,222,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
NYSE:VTR opened at $61.20 on Tuesday. The stock has a market capitalization of $21.94 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 5.27 and a beta of 0.32. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04. Ventas, Inc. has a twelve month low of $46.55 and a twelve month high of $65.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be paid a $0.7925 dividend. This represents a $3.17 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Friday, March 29th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
Several analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a report on Monday, December 31st. KeyCorp set a $55.00 target price on Ventas and gave the stock a “sell” rating in a report on Thursday, December 20th. Finally, Scotiabank assumed coverage on Ventas in a report on Monday, December 10th. They set a “sector perform” rating and a $66.00 target price on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $59.00.
In related news, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $65.01, for a total value of $650,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Debra A. Cafaro sold 68,084 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $64.09, for a total value of $4,363,503.56. Following the completion of the sale, the chairman now directly owns 805,835 shares in the company, valued at $51,645,965.15. The disclosure for this sale can be found here. Insiders sold 88,084 shares of company stock worth $5,646,704 over the last ninety days. 1.40% of the stock is currently owned by insiders.
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, health systems and skilled nursing facilities.
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