Wambolt & Associates LLC raised its holdings in shares of Ventas, Inc. (NYSE:VTR) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,830 shares of the real estate investment trust’s stock after purchasing an additional 1,213 shares during the period. Wambolt & Associates LLC’s holdings in Ventas were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VTR. Rational Advisors LLC bought a new stake in Ventas during the 4th quarter worth approximately $34,000. Reilly Financial Advisors LLC bought a new stake in Ventas during the 4th quarter worth approximately $35,000. Oregon Public Employees Retirement Fund increased its stake in Ventas by 5,686.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,214,605 shares in the last quarter. Berman Capital Advisors LLC bought a new stake in Ventas during the 4th quarter worth approximately $41,000. Finally, Pinnacle Bank bought a new stake in Ventas during the 4th quarter worth approximately $46,000. Institutional investors own 88.57% of the company’s stock.
In other Ventas news, Chairman Debra A. Cafaro sold 68,084 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $64.09, for a total transaction of $4,363,503.56. Following the completion of the sale, the chairman now owns 805,835 shares of the company’s stock, valued at approximately $51,645,965.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $63.31, for a total value of $633,100.00. Following the sale, the chief financial officer now directly owns 100,064 shares of the company’s stock, valued at approximately $6,335,051.84. 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 in the last ninety days. Insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The company had revenue of $942.80 million during the quarter, compared to the consensus estimate of $908.61 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Ventas, Inc. will post 3.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 5.07%. The ex-dividend date was Friday, March 29th. Ventas’s dividend payout ratio is 77.89%.
A number of analysts recently issued reports on the company. Deutsche Bank increased their target price on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Morgan Stanley assumed coverage on shares of Ventas in a research note on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price target for the company. BMO Capital Markets raised their price target on shares of Ventas from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Monday, February 11th. Mitsubishi UFJ Financial Group raised their price target on shares of Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and an average target price of $59.46.
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Ventas Company Profile
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, and health systems.
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