NTV Asset Management LLC bought a new stake in Ventas, Inc. (NYSE:VTR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,300 shares of the real estate investment trust’s stock, valued at approximately $211,000.
Other large investors have also made changes to their positions in the company. AdvisorNet Financial Inc raised its holdings in Ventas by 6.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,491 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 159 shares in the last quarter. West Oak Capital LLC grew its position in Ventas by 4.9% during the first quarter. West Oak Capital LLC now owns 3,400 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 160 shares during the period. Colony Group LLC grew its position in Ventas by 3.3% during the fourth quarter. Colony Group LLC now owns 5,425 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 171 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Ventas by 11.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,776 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 183 shares during the period. Finally, FTB Advisors Inc. grew its position in Ventas by 30.7% during the first quarter. FTB Advisors Inc. now owns 852 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 200 shares during the period. 87.90% of the stock is owned by institutional investors and hedge funds.
In related news, Director Robert D. Reed sold 3,440 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the completion of the sale, the director now directly owns 47,709 shares of the company’s stock, valued at approximately $3,048,128.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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. Over the last ninety days, insiders have sold 23,493 shares of company stock valued at $1,502,970. Company insiders own 1.40% of the company’s stock.
Shares of VTR stock traded up $0.42 during mid-day trading on Wednesday, reaching $64.93. The company’s stock had a trading volume of 1,050,700 shares, compared to its average volume of 1,977,079. Ventas, Inc. has a 12-month low of $51.80 and a 12-month high of $65.70. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The company has a market cap of $23.12 billion, a PE ratio of 15.95, a P/E/G ratio of 8.30 and a beta of 0.30.
Ventas (NYSE:VTR) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.03. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The business had revenue of $942.80 million for the quarter, compared to the consensus estimate of $908.61 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts expect that Ventas, Inc. will post 3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors 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 yield of 4.88%. The ex-dividend date is Friday, June 28th. Ventas’s payout ratio is 77.89%.
VTR has been the topic of several recent analyst reports. Raymond James upgraded shares of Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Mitsubishi UFJ Financial Group increased their price target on shares of Ventas from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. BMO Capital Markets increased their price target on shares of Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Monday, February 11th. Morgan Stanley assumed coverage on shares of Ventas in a research report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, Deutsche Bank raised their target price on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Ventas has a consensus rating of “Hold” and an average price target of $59.46.
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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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