Manchester Financial Inc. Takes Position in Ventas, Inc. (NYSE:VTR)

Manchester Financial Inc. acquired a new stake in shares of Ventas, Inc. (NYSE:VTR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,076 shares of the real estate investment trust’s stock, valued at approximately $74,000.

Several other large investors also recently added to or reduced their stakes in the company. Hoylecohen LLC increased its holdings in shares of Ventas by 0.7% during the first quarter. Hoylecohen LLC now owns 80,145 shares of the real estate investment trust’s stock valued at $5,114,000 after acquiring an additional 560 shares in the last quarter. Proffitt & Goodson Inc. purchased a new position in Ventas in the first quarter worth about $88,000. Intrust Bank NA purchased a new position in Ventas in the first quarter worth about $200,000. Truvestments Capital LLC purchased a new position in Ventas in the first quarter worth about $115,000. Finally, Parallel Advisors LLC boosted its position in Ventas by 18.5% in the first quarter. Parallel Advisors LLC now owns 1,854 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 290 shares during the last quarter. 87.35% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Raymond James raised Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Stifel Nicolaus raised Ventas from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a research report on Wednesday, June 19th. Citigroup raised Ventas from a “neutral” rating to a “buy” rating and raised their target price for the stock from $67.00 to $76.00 in a research report on Wednesday, June 19th. Bank of America reissued a “neutral” rating and issued a $72.50 target price (up from $67.00) on shares of Ventas in a research report on Friday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $73.00 target price on shares of Ventas in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $66.59.

In related news, Chairman Debra A. Cafaro sold 68,080 shares of Ventas stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $69.04, for a total transaction of $4,700,243.20. Following the sale, the chairman now owns 741,358 shares of the company’s stock, valued at approximately $51,183,356.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Debra A. Cafaro sold 68,084 shares of Ventas stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.54, for a total value of $4,530,309.36. Following the sale, the chairman now directly owns 805,835 shares in the company, valued at approximately $53,620,260.90. The disclosure for this sale can be found here. Insiders have sold a total of 165,866 shares of company stock worth $11,323,058 in the last three months. 1.40% of the stock is owned by corporate insiders.

NYSE VTR opened at $67.67 on Friday. The stock has a 50-day moving average of $68.59. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.56. Ventas, Inc. has a 52 week low of $51.80 and a 52 week high of $73.74. The company has a market capitalization of $25.22 billion, a P/E ratio of 16.63, a P/E/G ratio of 5.56 and a beta of 0.28.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.38). Ventas had a return on equity of 4.78% and a net margin of 13.34%. The company had revenue of $950.70 million during the quarter, compared to the consensus estimate of $931.16 million. During the same period last year, the business earned $0.46 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Ventas, Inc. will post 3.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were paid a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend was Friday, June 28th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.

About Ventas

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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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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