Edmp Inc. boosted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 4.2% during the second quarter, HoldingsChannel.com reports. The firm owned 12,542 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the period. Edmp Inc.’s holdings in Ventas were worth $857,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VTR. Cornerstone Advisors Inc. boosted its position in Ventas by 88.9% during the first 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 in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in Ventas during the first quarter worth approximately $26,000. Gradient Investments LLC boosted its position in Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 393 shares in the last quarter. Heritage Wealth Advisors boosted its position in Ventas by 59.3% during the first 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 in the last quarter. Finally, Investors Research Corp purchased a new position in Ventas during the first quarter worth approximately $32,000. Institutional investors own 83.82% of the company’s stock.
In related news, Chairman Debra A. Cafaro sold 68,080 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the sale, the chairman now owns 741,358 shares of the company’s stock, valued at $51,183,356.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP T Richard Riney sold 29,702 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $70.45, for a total value of $2,092,505.90. Following the completion of the sale, the executive vice president now directly owns 163,488 shares of the company’s stock, valued at approximately $11,517,729.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,866 shares of company stock worth $11,323,058. Company insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last released its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.38). The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $931.16 million. Ventas had a net margin of 13.34% and a return on equity of 4.78%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Research analysts forecast that Ventas, Inc. will post 3.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were given a $0.7925 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.17 annualized dividend and a dividend yield of 4.67%. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
A number of equities analysts have issued reports on the company. Mitsubishi UFJ Financial Group increased their price target on Ventas to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 19th. ValuEngine downgraded Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price target on Ventas to $71.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Raymond James upgraded Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Finally, Citigroup upgraded Ventas from a “neutral” rating to a “buy” rating and raised their target price for the company from $67.00 to $76.00 in a research report on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and an average target price of $66.59.
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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