Resolution Capital Ltd Sells 2,016,629 Shares of Ventas, Inc. (NYSE:VTR)

Resolution Capital Ltd reduced its position in Ventas, Inc. (NYSE:VTR) by 22.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,138,261 shares of the real estate investment trust’s stock after selling 2,016,629 shares during the period. Ventas comprises approximately 7.6% of Resolution Capital Ltd’s holdings, making the stock its 4th biggest holding. Resolution Capital Ltd’s holdings in Ventas were worth $420,372,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in Ventas by 66.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 210 shares during the period. Promus Capital LLC purchased a new position in shares of Ventas in the 4th quarter worth $38,000. New Wave Wealth Advisors LLC purchased a new position in shares of Ventas in the 4th quarter worth $41,000. SRS Capital Advisors Inc. boosted its holdings in Ventas by 1,039.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 738 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in Ventas during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTR shares. Mizuho raised their price objective on Ventas from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Argus set a $75.00 price target on shares of Ventas in a report on Friday, March 7th. Morgan Stanley lifted their price target on shares of Ventas from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company increased their price objective on shares of Ventas from $72.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, Scotiabank raised their target price on shares of Ventas from $69.00 to $72.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Insider Transactions at Ventas

In related news, CEO Debra A. Cafaro sold 388 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $71.00, for a total value of $27,548.00. Following the sale, the chief executive officer now directly owns 1,128,143 shares of the company’s stock, valued at $80,098,153. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 310,022 shares of company stock valued at $21,292,957. 0.80% of the stock is currently owned by corporate insiders.

Ventas Stock Performance

Ventas stock opened at $63.72 on Thursday. Ventas, Inc. has a 12-month low of $46.66 and a 12-month high of $71.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $28.76 billion, a price-to-earnings ratio of 335.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95. The firm’s fifty day moving average price is $67.03 and its 200 day moving average price is $63.96.

Ventas (NYSE:VTR) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Ventas had a return on equity of 0.82% and a net margin of 1.65%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, research analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Monday, June 30th. Ventas’s dividend payout ratio (DPR) is currently 581.82%.

Ventas Company Profile

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.