Hanson & Doremus Investment Management reduced its position in Ventas Inc. (NYSE:VTR) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,054 shares of the real estate investment trust’s stock after selling 565 shares during the period. Ventas makes up approximately 1.4% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 14th largest position. Hanson & Doremus Investment Management’s holdings in Ventas were worth $2,990,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of VTR. National Pension Service raised its stake in Ventas by 4.2% in the first quarter. National Pension Service now owns 208,956 shares of the real estate investment trust’s stock worth $13,156,000 after buying an additional 8,512 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Ventas by 6.7% in the first quarter. Nuveen Asset Management LLC now owns 1,413,603 shares of the real estate investment trust’s stock valued at $89,000,000 after buying an additional 88,567 shares during the period. Kennedy Capital Management Inc. purchased a new stake in Ventas during the first quarter valued at approximately $4,065,000. Geode Capital Management LLC raised its stake in Ventas by 3.8% in the first quarter. Geode Capital Management LLC now owns 3,351,094 shares of the real estate investment trust’s stock valued at $210,638,000 after buying an additional 121,627 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Ventas during the first quarter valued at approximately $1,152,000. Institutional investors own 89.37% of the company’s stock.
Shares of Ventas Inc. (NYSE:VTR) traded up 0.31% on Wednesday, reaching $67.87. 704,479 shares of the company’s stock traded hands. The firm’s 50-day moving average is $69.73 and its 200-day moving average is $69.10. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 52.25 and a beta of 0.31. Ventas Inc. has a 52-week low of $46.87 and a 52-week high of $76.80.
Ventas (NYSE:VTR) last issued its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04. The business earned $848.50 million during the quarter, compared to analysts’ expectations of $845.40 million. Ventas had a net margin of 13.05% and a return on equity of 4.81%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. Analysts anticipate that Ventas Inc. will post $4.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $2.92 annualized dividend and a yield of 4.32%. Ventas’s dividend payout ratio (DPR) is presently 224.62%.
VTR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ventas from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Wednesday, July 20th. Mizuho increased their price objective on shares of Ventas from $71.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 6th. Citigroup Inc. increased their price objective on shares of Ventas from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Hilliard Lyons lowered shares of Ventas from a “neutral” rating to an “underperform” rating in a research note on Monday, August 1st. Finally, Argus initiated coverage on shares of Ventas in a research note on Wednesday, July 13th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.00.
In other Ventas news, EVP T Richard Riney sold 169,450 shares of Ventas stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $72.98, for a total value of $12,366,461.00. Following the completion of the transaction, the executive vice president now directly owns 176,170 shares of the company’s stock, valued at $12,856,886.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Cobb sold 60,000 shares of Ventas stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $75.05, for a total transaction of $4,503,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,256 shares of the company’s stock, valued at $4,972,512.80. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Ventas, Inc is a healthcare real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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