ING Groep NV cut its stake in shares of Ventas Inc. (NYSE:VTR) by 24.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,073 shares of the real estate investment trust’s stock after selling 7,540 shares during the period. ING Groep NV’s holdings in Ventas were worth $1,680,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. William Harris Investors Inc. raised its position in Ventas by 0.6% in the first quarter. William Harris Investors Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 28 shares during the period. West Oak Capital LLC increased its stake in Ventas by 1.3% in the second quarter. West Oak Capital LLC now owns 3,620 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 45 shares in the last quarter. Phocas Financial Corp. increased its stake in Ventas by 0.5% in the first quarter. Phocas Financial Corp. now owns 12,887 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 66 shares in the last quarter. Conning Inc. increased its stake in Ventas by 1.7% in the second quarter. Conning Inc. now owns 7,735 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 130 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its stake in Ventas by 1.5% in the second quarter. Newman Dignan & Sheerar Inc. now owns 12,588 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 189 shares in the last quarter. 89.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ventas Inc. (NYSE:VTR) traded down 1.04% on Wednesday, reaching $67.43. The company’s stock had a trading volume of 3,169,929 shares. The stock has a 50-day moving average of $71.45 and a 200 day moving average of $68.80. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 51.91 and a beta of 0.31. Ventas Inc. has a 52 week low of $46.87 and a 52 week high of $76.80.
Ventas (NYSE:VTR) last announced its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The firm earned $848.50 million during the quarter, compared to the consensus estimate of $845.40 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect that Ventas Inc. will post $4.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $2.92 annualized dividend and a yield of 4.33%. Ventas’s payout ratio is 224.62%.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Ventas from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Raymond James Financial Inc. assumed coverage on Ventas in a report on Tuesday, July 26th. They set a “market perform” rating on the stock. Citigroup Inc. lifted their price objective on Ventas from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. BMO Capital Markets restated a “market perform” rating and set a $69.00 price objective on shares of Ventas in a report on Wednesday, July 6th. Finally, Barclays PLC restated a “hold” rating and set a $64.00 price objective on shares of Ventas in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $67.00.
In other Ventas news, EVP T Richard Riney sold 169,450 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $72.98, for a total value of $12,366,461.00. Following the completion of the transaction, the executive vice president now owns 176,170 shares of the company’s stock, valued at approximately $12,856,886.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Cobb sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $75.05, for a total value of $4,503,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,256 shares of the company’s stock, valued at approximately $4,972,512.80. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Ventas Company Profile
Ventas, Inc is a healthcare real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas Inc. (NYSE:VTR).
Receive News & Ratings for Ventas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.