6 Meridian raised its position in Ventas (NYSE:VTR) by 31.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,927 shares of the real estate investment trust’s stock after acquiring an additional 2,125 shares during the quarter. 6 Meridian’s holdings in Ventas were worth $442,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of VTR. Certified Advisory Corp acquired a new stake in Ventas in the fourth quarter valued at approximately $102,000. Valeo Financial Advisors LLC grew its position in Ventas by 1,945.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,841 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 1,751 shares in the last quarter. Aevitas Wealth Management Inc. acquired a new stake in Ventas in the fourth quarter valued at approximately $114,000. Icon Wealth Partners LLC acquired a new stake in Ventas in the fourth quarter valued at approximately $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new stake in Ventas in the fourth quarter valued at approximately $116,000. 84.40% of the stock is owned by institutional investors.
In related news, Chairman Debra A. Cafaro sold 30,944 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the transaction, the chairman now directly owns 775,111 shares in the company, valued at $41,220,402.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melody C. Barnes sold 3,963 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $53.37, for a total value of $211,505.31. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
VTR has been the subject of several recent research reports. Hilliard Lyons raised shares of Ventas from a “neutral” rating to a “buy” rating in a research report on Friday, April 27th. TheStreet downgraded shares of Ventas from a “b-” rating to a “c+” rating in a research report on Thursday, March 8th. Deutsche Bank lowered their price objective on shares of Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, March 19th. Zacks Investment Research raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Monday, April 16th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Ventas and gave the company a “hold” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.69.
VTR stock opened at $53.56 on Thursday. Ventas has a twelve month low of $46.55 and a twelve month high of $72.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $18.59 billion, a PE ratio of 12.88, a P/E/G ratio of 3.43 and a beta of 0.07.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.79). Ventas had a return on equity of 5.24% and a net margin of 34.04%. The company had revenue of $943.70 million for the quarter, compared to analyst estimates of $874.42 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. analysts anticipate that Ventas will post 4.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Monday, July 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.90%. The ex-dividend date is Friday, June 29th. Ventas’s dividend payout ratio (DPR) is presently 75.96%.
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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