Gateway Investment Advisers LLC cut its stake in shares of Ventas, Inc. (NYSE:VTR) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,880 shares of the real estate investment trust’s stock after selling 27,553 shares during the period. Gateway Investment Advisers LLC owned about 0.12% of Ventas worth $28,895,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VTR. Cribstone Capital Management LLC purchased a new position in Ventas during the first quarter valued at $123,000. Benjamin F. Edwards & Company Inc. raised its position in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 65 shares during the period. Wagner Bowman Management Corp bought a new position in Ventas during the first quarter valued at approximately $201,000. Trust Co. of Virginia VA bought a new position in Ventas during the first quarter valued at approximately $202,000. Finally, Wetherby Asset Management Inc. bought a new position in Ventas during the first quarter valued at approximately $207,000. 91.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ventas, Inc. (NYSE VTR) opened at 68.08 on Wednesday. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $76.80. The firm’s 50-day moving average price is $67.99 and its 200 day moving average price is $64.11. The stock has a market capitalization of $24.16 billion, a P/E ratio of 34.59 and a beta of 0.08.
Ventas (NYSE:VTR) last announced its earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.02 by $0.58. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The business had revenue of $883.44 million for the quarter, compared to the consensus estimate of $873.56 million. During the same quarter in the previous year, the company earned $1.04 EPS. Ventas’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that Ventas, Inc. will post $1.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Tuesday, June 6th were paid a dividend of $0.775 per share. The ex-dividend date was Friday, June 2nd. This represents a $3.10 annualized dividend and a yield of 4.63%. Ventas’s payout ratio is 157.36%.
Several equities analysts recently commented on the company. Mizuho reissued a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. BidaskClub lowered Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and set a $58.00 price target on shares of Ventas in a research report on Friday, April 7th. Finally, Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $65.63.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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.