New York State Common Retirement Fund trimmed its stake in Ventas, Inc. (NYSE:VTR) by 0.1% during the 1st quarter, Holdings Channel reports. The firm owned 698,800 shares of the real estate investment trust’s stock after selling 600 shares during the period. New York State Common Retirement Fund’s holdings in Ventas were worth $44,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. grew its position in Ventas by 88.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Ventas in the 1st quarter worth $26,000. Heritage Wealth Advisors grew its position in Ventas by 59.3% in the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the last quarter. Investors Research Corp acquired a new stake in Ventas in the 1st quarter worth $32,000. Finally, Rational Advisors LLC acquired a new stake in Ventas in the 4th quarter worth $34,000. Institutional investors own 88.28% of the company’s stock.
In related news, CAO Gregory R. Liebbe sold 4,113 shares of Ventas stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.67, for a total transaction of $249,535.71. Following the completion of the transaction, the chief accounting officer now directly owns 14,627 shares of the company’s stock, valued at approximately $887,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Cobb sold 10,000 shares of Ventas stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,493 shares of company stock valued at $1,502,970 over the last ninety days. 1.40% of the stock is owned by insiders.
NYSE:VTR opened at $65.59 on Friday. The stock has a market cap of $23.27 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 8.24 and a beta of 0.30. Ventas, Inc. has a 52 week low of $51.80 and a 52 week high of $65.70. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.
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, topping analysts’ consensus estimates 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 net margin of 12.19% and a return on equity of 4.04%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, equities research analysts expect that Ventas, Inc. will post 3.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, June 28th. Ventas’s payout ratio is 77.89%.
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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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