Westwood Holdings Group Inc. boosted its stake in Ventas, Inc. (NYSE:VTR) by 36.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,981 shares of the real estate investment trust’s stock after purchasing an additional 6,725 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Ventas were worth $1,237,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of VTR. Certified Advisory Corp bought a new position in Ventas in the fourth quarter valued at about $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 during the last quarter. Aevitas Wealth Management Inc. bought a new position in Ventas in the fourth quarter valued at about $114,000. Icon Wealth Partners LLC bought a new position in Ventas in the fourth quarter valued at about $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new position in Ventas in the fourth quarter valued at about $116,000. 84.40% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Debra A. Cafaro sold 30,944 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $53.18, for a total value of $1,645,601.92. Following the sale, 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 this hyperlink. Also, Director Melody C. Barnes sold 3,963 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were 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. Insiders sold 65,851 shares of company stock worth $3,559,027 over the last quarter. 1.40% of the stock is currently owned by company insiders.
A number of research firms have issued reports on VTR. ValuEngine cut Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Cantor Fitzgerald began coverage on Ventas in a research report on Sunday, June 3rd. They issued a “neutral” rating and a $56.00 target price on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 target price on shares of Ventas in a research report on Tuesday, February 13th. Evercore ISI cut Ventas from an “in-line” rating to an “underperform” rating in a research report on Monday, May 21st. Finally, BMO Capital Markets upgraded Ventas from an “underperform” rating to a “market perform” rating and set a $55.00 target price on the stock in a research report on Monday, April 30th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Ventas currently has an average rating of “Hold” and an average price target of $57.57.
NYSE:VTR opened at $55.18 on Wednesday. The stock has a market cap of $19.57 billion, a PE ratio of 13.26, a PEG ratio of 3.61 and a beta of 0.11. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. Ventas, Inc. has a 1-year low of $46.55 and a 1-year high of $72.36.
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 the Thomson Reuters’ consensus estimate of $1.01 by ($0.79). Ventas had a return on equity of 5.24% and a net margin of 34.04%. The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $874.42 million. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts anticipate that Ventas, Inc. will post 4.04 earnings per share for the current year.
The business also recently announced 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 5.73%. The ex-dividend date of this dividend is Friday, June 29th. Ventas’s payout ratio is presently 75.96%.
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.
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