Land & Buildings Investment Management LLC lowered its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 48.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,456 shares of the real estate investment trust's stock after selling 349,006 shares during the period. Ventas comprises about 4.5% of Land & Buildings Investment Management LLC's investment portfolio, making the stock its 13th biggest holding. Land & Buildings Investment Management LLC owned 0.09% of Ventas worth $19,092,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of VTR. Profund Advisors LLC grew its stake in shares of Ventas by 3.3% in the 2nd quarter. Profund Advisors LLC now owns 6,270 shares of the real estate investment trust's stock valued at $321,000 after buying an additional 199 shares in the last quarter. Bessemer Group Inc. increased its position in Ventas by 4.6% during the first quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust's stock worth $230,000 after buying an additional 234 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Ventas by 1.1% during the 1st quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust's stock worth $1,062,000 after acquiring an additional 258 shares in the last quarter. Dakota Wealth Management grew its holdings in Ventas by 1.0% during the second quarter. Dakota Wealth Management now owns 33,717 shares of the real estate investment trust's stock valued at $1,728,000 after purchasing an additional 322 shares during the last quarter. Finally, Czech National Bank grew its stake in Ventas by 0.5% in the 1st quarter. Czech National Bank now owns 70,799 shares of the real estate investment trust's stock valued at $3,083,000 after buying an additional 325 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Price Performance
NYSE:VTR traded down $0.24 during trading hours on Tuesday, reaching $63.97. The company had a trading volume of 3,194,662 shares, compared to its average volume of 2,389,947. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average of $59.35 and a two-hundred day moving average of $51.35. Ventas, Inc. has a one year low of $39.33 and a one year high of $65.64. The firm has a market capitalization of $25.89 billion, a PE ratio of -336.68, a PEG ratio of 2.87 and a beta of 1.36.
Ventas (NYSE:VTR - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.74). The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Analysts forecast that Ventas, Inc. will post 3.18 earnings per share for the current year.
Ventas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Tuesday, October 1st. Ventas's dividend payout ratio is currently -947.37%.
Insider Transactions at Ventas
In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the transaction, the chief executive officer now owns 104,295 shares in the company, valued at approximately $5,761,255.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total transaction of $209,028.16. Following the transaction, the chief executive officer now owns 104,295 shares of the company's stock, valued at approximately $5,761,255.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total value of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares of the company's stock, valued at $56,529,016.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,065 shares of company stock worth $4,526,464. Insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on VTR. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a research report on Wednesday, July 10th. Wedbush lifted their price target on Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Wells Fargo & Company increased their price objective on Ventas from $46.00 to $49.00 and gave the company an "equal weight" rating in a research report on Thursday, May 30th. Evercore ISI upped their target price on shares of Ventas from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada raised their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.67.
Read Our Latest Analysis on Ventas
Ventas Company Profile
(
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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