Financial Advocates Investment Management cut its position in Ventas, Inc. (NYSE:VTR) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,209 shares of the real estate investment trust’s stock after selling 254 shares during the period. Financial Advocates Investment Management’s holdings in Ventas were worth $196,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kaizen Advisory LLC raised its holdings in shares of Ventas by 27.6% in the 4th quarter. Kaizen Advisory LLC now owns 1,007 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 218 shares during the period. Aspire Private Capital LLC purchased a new position in Ventas in the 4th quarter valued at approximately $401,000. Atlas Capital Advisors LLC purchased a new position in Ventas in the 4th quarter valued at approximately $56,000. Global Financial Private Capital LLC grew its stake in Ventas by 5.2% in the 4th quarter. Global Financial Private Capital LLC now owns 162,171 shares of the real estate investment trust’s stock valued at $9,508,000 after buying an additional 8,028 shares in the last quarter. Finally, Colony Group LLC grew its stake in Ventas by 3.3% in the 4th quarter. Colony Group LLC now owns 5,425 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 171 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.
In related news, CFO Robert F. Probst sold 10,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $65.01, for a total transaction of $650,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Debra A. Cafaro sold 68,084 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $64.09, for a total transaction of $4,363,503.56. Following the transaction, the chairman now owns 805,835 shares in the company, valued at approximately $51,645,965.15. The disclosure for this sale can be found here. Insiders have sold a total of 111,577 shares of company stock valued at $7,149,673 over the last ninety days. 1.40% of the stock is currently owned by insiders.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The company had revenue of $942.80 million during the quarter, compared to the consensus estimate of $908.61 million. During the same period in the previous year, the firm posted $0.22 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, analysts expect that Ventas, Inc. will post 3.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, March 29th. Ventas’s dividend payout ratio is currently 77.89%.
A number of research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Ventas from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Deutsche Bank lifted their price objective on shares of Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, March 29th. ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.33.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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