Wealthfront Inc. lifted its stake in shares of Ventas (NYSE:VTR) by 54.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,071 shares of the real estate investment trust’s stock after purchasing an additional 12,726 shares during the quarter. Wealthfront Inc.’s holdings in Ventas were worth $1,787,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Certified Advisory Corp bought a new position in Ventas in the 4th quarter worth approximately $102,000. Valeo Financial Advisors LLC boosted its holdings in Ventas by 1,945.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,841 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 1,751 shares during the period. Aevitas Wealth Management Inc. purchased a new stake in shares of Ventas during the 4th quarter valued at $114,000. Icon Wealth Partners LLC purchased a new stake in shares of Ventas during the 4th quarter valued at $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC purchased a new position in Ventas in the 4th quarter worth $116,000. Institutional investors own 88.56% of the company’s stock.
Shares of NYSE:VTR remained flat at $$51.46 during trading on Friday. 2,207,230 shares of the stock were exchanged, compared to its average volume of 2,774,593. The company has a market cap of $18.34 billion, a PE ratio of 12.37, a P/E/G ratio of 3.38 and a beta of 0.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. Ventas has a twelve month low of $46.55 and a twelve month high of $72.36.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.79). The business had revenue of $943.70 million for the quarter, compared to analysts’ expectations of $874.42 million. Ventas had a return on equity of 5.24% and a net margin of 34.04%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. equities analysts expect that Ventas will post 4.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Monday, July 2nd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 6.14%. The ex-dividend date is Friday, June 29th. Ventas’s payout ratio is presently 75.96%.
A number of brokerages have recently weighed in on VTR. ValuEngine lowered shares of Ventas from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. SunTrust Banks set a $55.00 price objective on shares of Ventas and gave the stock a “hold” rating in a research note on Friday, February 9th. Mizuho set a $53.00 price objective on shares of Ventas and gave the stock a “hold” rating in a research note on Friday, February 9th. Jefferies Group reaffirmed a “hold” rating and set a $54.00 target price on shares of Ventas in a report on Tuesday, February 13th. Finally, Hilliard Lyons raised shares of Ventas from a “neutral” rating to a “buy” rating in a report on Friday, April 27th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Ventas has a consensus rating of “Hold” and an average price target of $57.69.
In other news, Director Melody C. Barnes sold 3,963 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $53.37, for a total transaction of $211,505.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Debra A. Cafaro sold 30,944 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the completion of the transaction, the chairman now directly owns 775,111 shares in the company, valued at approximately $41,220,402.98. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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