LS Investment Advisors LLC reduced its stake in shares of Ventas Inc. (NYSE:VTR) by 11.6% during the second quarter, Holdings Channel reports. The firm owned 11,187 shares of the real estate investment trust’s stock after selling 1,466 shares during the period. LS Investment Advisors LLC’s holdings in Ventas were worth $815,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC increased its position in Ventas by 48.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,542 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Acadian Asset Management LLC increased its position in Ventas by 33.6% in the second quarter. Acadian Asset Management LLC now owns 1,884 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 474 shares in the last quarter. Washington Trust Bank increased its position in Ventas by 12.7% in the second quarter. Washington Trust Bank now owns 2,048 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 230 shares in the last quarter. Carnick & Kubik LLC acquired a new position in Ventas during the first quarter valued at $169,000. Finally, 1st Global Advisors Inc. acquired a new position in Ventas during the second quarter valued at $206,000. Institutional investors and hedge funds own 89.40% of the company’s stock.
Ventas Inc. (NYSE:VTR) traded up 0.29% during midday trading on Wednesday, hitting $66.50. 2,589,453 shares of the stock were exchanged. Ventas Inc. has a 12-month low of $46.87 and a 12-month high of $76.80. The firm has a 50 day moving average of $70.65 and a 200-day moving average of $68.96. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of 51.19 and a beta of 0.31.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Ventas had a net margin of 13.05% and a return on equity of 4.81%. The firm had revenue of $848.50 million for the quarter, compared to analyst estimates of $845.40 million. During the same quarter last year, the firm posted $1.18 earnings per share. Ventas’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Ventas Inc. will post $4.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors 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 4.39%. Ventas’s payout ratio is 224.62%.
Several equities analysts have recently weighed in on the stock. Raymond James Financial Inc. assumed coverage on shares of Ventas in a research note on Tuesday, July 26th. They issued a “market perform” rating on the stock. Citigroup Inc. raised their price target on shares of Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Hilliard Lyons downgraded shares of Ventas from a “neutral” rating to an “underperform” rating in a research note on Monday, August 1st. Barclays PLC reissued a “hold” rating and issued a $64.00 price target on shares of Ventas in a research note on Thursday, July 7th. Finally, Mizuho reissued a “buy” rating and issued a $84.00 price target (up from $82.00) on shares of Ventas in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.00.
In related news, EVP T Richard Riney sold 169,450 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 176,170 shares in the company, valued at $12,856,886.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory R. Liebbe sold 6,943 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $73.20, for a total transaction of $508,227.60. Following the completion of the transaction, the senior vice president now owns 7,585 shares in the company, valued at approximately $555,222. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Ventas Company Profile
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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