Gofen & Glossberg LLC IL lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,016 shares of the real estate investment trust’s stock after selling 2,448 shares during the period. Gofen & Glossberg LLC IL’s holdings in Ventas were worth $1,469,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Advisors LLC raised its stake in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,967 shares during the period. Howe & Rusling Inc. raised its stake in Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 2,000 shares during the period. Summit Trail Advisors LLC raised its stake in Ventas by 3,729.4% in the first quarter. Summit Trail Advisors LLC now owns 159,648 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 155,479 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 2,341 shares during the period. Finally, Signaturefd LLC raised its stake in Ventas by 83.9% in the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.
In other news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
Ventas stock opened at $53.31 on Friday. Ventas, Inc. has a 12 month low of $46.55 and a 12 month high of $65.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $19.38 billion, a PE ratio of 12.85, a PEG ratio of 3.41 and a beta of 0.14.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 27th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The company had revenue of $942.30 million for the quarter, compared to the consensus estimate of $919.95 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that Ventas, Inc. will post 4.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, October 1st were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 5.93%. The ex-dividend date was Friday, September 28th. Ventas’s payout ratio is 75.96%.
VTR has been the topic of several research analyst reports. SunTrust Banks restated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a research note on Tuesday, July 31st. TheStreet upgraded Ventas from a “c+” rating to a “b-” rating in a research note on Thursday, July 5th. Bank of America upped their price objective on Ventas from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Jefferies Financial Group restated a “$57.33” rating and issued a $61.00 price objective on shares of Ventas in a research note on Wednesday, July 18th. Finally, ValuEngine lowered Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 20th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Ventas has a consensus rating of “Hold” and a consensus price target of $55.33.
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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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