Centersquare Investment Management LLC trimmed its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,832,026 shares of the real estate investment trust's stock after selling 55,511 shares during the period. Ventas makes up 4.2% of Centersquare Investment Management LLC's portfolio, making the stock its 6th biggest position. Centersquare Investment Management LLC owned 1.63% of Ventas worth $402,338,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of Ventas by 1.2% during the third quarter. Captrust Financial Advisors now owns 24,161 shares of the real estate investment trust's stock valued at $1,549,000 after acquiring an additional 288 shares in the last quarter. Atom Investors LP acquired a new stake in Ventas during the 3rd quarter valued at approximately $220,000. Chevy Chase Trust Holdings LLC grew its stake in Ventas by 0.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 222,292 shares of the real estate investment trust's stock valued at $14,256,000 after purchasing an additional 1,284 shares in the last quarter. Investment Management Corp of Ontario boosted its stake in shares of Ventas by 50.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 13,391 shares of the real estate investment trust's stock valued at $859,000 after buying an additional 4,500 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Ventas by 34.8% during the third quarter. IHT Wealth Management LLC now owns 5,974 shares of the real estate investment trust's stock worth $383,000 after buying an additional 1,541 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company's stock.
Ventas Price Performance
Shares of Ventas stock traded down $1.06 on Wednesday, hitting $62.28. The company had a trading volume of 1,491,901 shares, compared to its average volume of 3,118,395. Ventas, Inc. has a 52 week low of $41.45 and a 52 week high of $71.36. The company has a market cap of $27.25 billion, a PE ratio of 327.93, a PEG ratio of 2.59 and a beta of 1.02. The business has a 50-day simple moving average of $66.06 and a 200-day simple moving average of $63.41. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85.
Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.81 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. Research analysts expect that Ventas, Inc. will post 3.4 EPS for the current fiscal year.
Ventas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.48 dividend. This is an increase from Ventas's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, March 31st. Ventas's payout ratio is presently 1,010.53%.
Insider Activity at Ventas
In other news, CEO Debra A. Cafaro sold 44,551 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $71.06, for a total transaction of $3,165,794.06. Following the completion of the sale, the chief executive officer now owns 1,145,695 shares in the company, valued at approximately $81,413,086.70. This represents a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gregory R. Liebbe sold 3,866 shares of Ventas stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $63.00, for a total value of $243,558.00. Following the completion of the transaction, the chief accounting officer now owns 11,371 shares in the company, valued at $716,373. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 304,778 shares of company stock valued at $20,934,891 over the last ninety days. Insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VTR. StockNews.com raised shares of Ventas from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Mizuho lifted their target price on Ventas from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Robert W. Baird raised Ventas from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $66.00 to $65.00 in a research report on Friday, January 17th. Wells Fargo & Company boosted their target price on shares of Ventas from $72.00 to $77.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Finally, Baird R W upgraded shares of Ventas from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Ventas presently has an average rating of "Moderate Buy" and a consensus target price of $72.90.
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About Ventas
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Free Report)
Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.
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