Oxbow Advisors LLC reduced its holdings in Ventas, Inc. (NYSE:VTR) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,959 shares of the real estate investment trust’s stock after selling 496 shares during the quarter. Oxbow Advisors LLC’s holdings in Ventas were worth $2,295,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Massey Quick Simon & CO. LLC acquired a new position in Ventas during the first quarter worth $26,000. Investors Research Corp acquired a new position in Ventas during the first quarter worth $32,000. Rational Advisors LLC acquired a new position in Ventas during the fourth quarter worth $34,000. Reilly Financial Advisors LLC acquired a new position in Ventas during the fourth quarter worth $35,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in Ventas by 5,686.9% during the fourth 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 during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Ventas in a report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price objective for the company. Raymond James raised Ventas from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Deutsche Bank lifted their price objective on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, March 29th. BMO Capital Markets lifted their price objective on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus target price of $59.46.
Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $942.80 million during the quarter, compared to the consensus estimate of $908.61 million. Ventas had a return on equity of 4.04% and a net margin of 12.19%. Ventas’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. On average, research analysts anticipate that Ventas, Inc. will post 3.82 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were given 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 payout ratio is 77.89%.
In other Ventas news, Director James D. Shelton sold 5,940 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total transaction of $384,852.60. Following the completion of the transaction, the director now owns 46,860 shares of the company’s stock, valued at $3,036,059.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Gregory R. Liebbe sold 4,113 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.67, for a total value of $249,535.71. Following the transaction, the chief accounting officer now directly owns 14,627 shares of the company’s stock, valued at approximately $887,420.09. The disclosure for this sale can be found here. Insiders have sold 111,577 shares of company stock valued at $7,149,673 in the last three months. 1.40% of the stock is currently owned by company insiders.
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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