Bank of Hawaii cut its position in shares of Ventas, Inc. (NYSE:VTR) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,077 shares of the real estate investment trust’s stock after selling 951 shares during the quarter. Bank of Hawaii’s holdings in Ventas were worth $898,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Ventas by 0.4% during the first quarter. BlackRock Inc. now owns 36,891,328 shares of the real estate investment trust’s stock valued at $2,354,034,000 after purchasing an additional 158,707 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Ventas by 397.7% during the first quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after purchasing an additional 15,497,390 shares during the period. Cohen & Steers Inc. raised its stake in shares of Ventas by 543.7% during the fourth quarter. Cohen & Steers Inc. now owns 10,509,102 shares of the real estate investment trust’s stock valued at $615,728,000 after purchasing an additional 8,876,600 shares during the period. Geode Capital Management LLC raised its stake in shares of Ventas by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 5,762,889 shares of the real estate investment trust’s stock valued at $337,172,000 after purchasing an additional 467,757 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Ventas by 0.6% during the fourth quarter. Bank of America Corp DE now owns 4,354,494 shares of the real estate investment trust’s stock valued at $255,130,000 after purchasing an additional 28,112 shares during the period. Institutional investors and hedge funds own 87.09% of the company’s stock.
VTR has been the subject of several recent research reports. Bank of America reiterated a “neutral” rating and set a $72.50 target price (up previously from $67.00) on shares of Ventas in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Ventas to $71.00 and gave the company an “in-line” rating in a research note on Thursday. Stifel Nicolaus raised shares of Ventas from a “hold” rating to a “buy” rating and boosted their price target for the company from $65.00 to $74.00 in a report on Wednesday. Mitsubishi UFJ Financial Group boosted their price target on shares of Ventas to $67.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Citigroup raised shares of Ventas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $76.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $64.82.
NYSE VTR traded down $1.44 on Friday, hitting $70.32. 7,784,538 shares of the company were exchanged, compared to its average volume of 3,048,969. 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 $25.20 billion, a PE ratio of 17.28, a PEG ratio of 7.77 and a beta of 0.23. Ventas, Inc. has a twelve month low of $51.80 and a twelve month high of $73.74.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The firm had revenue of $942.80 million for the quarter, compared to the consensus estimate of $908.61 million. Ventas had a return on equity of 4.04% and a net margin of 12.19%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. Research analysts forecast that Ventas, Inc. will post 3.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be issued a $0.7925 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.51%. Ventas’s dividend payout ratio is 77.89%.
In related news, Chairman Debra A. Cafaro sold 68,084 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.54, for a total value of $4,530,309.36. Following the completion of the sale, the chairman now owns 805,835 shares of the company’s stock, valued at approximately $53,620,260.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James D. Shelton sold 5,940 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the sale, the director now directly owns 46,860 shares of the company’s stock, valued at approximately $3,036,059.40. The disclosure for this sale can be found here. Insiders sold a total of 181,806 shares of company stock worth $12,356,711 in the last quarter. 1.40% of the stock is owned by corporate insiders.
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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