Ventas, Inc. (NYSE:VTR) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 6,890,000 shares, an increase of 20.2% from the August 30th total of 5,730,000 shares. Based on an average trading volume of 1,800,000 shares, the short-interest ratio is presently 3.8 days. Approximately 1.9% of the shares of the stock are short sold.
Ventas stock opened at $72.65 on Tuesday. The firm has a 50 day simple moving average of $73.06 and a 200-day simple moving average of $67.78. Ventas has a 1-year low of $53.26 and a 1-year high of $75.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 6.23 and a beta of 0.22.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $931.16 million. During the same period last year, the company earned $0.46 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Ventas will post 3.84 earnings per share for the current fiscal year.
The company also recently declared a — dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were paid a $0.7925 dividend. The ex-dividend date was Monday, September 30th. This represents a dividend yield of 4.4%. Ventas’s dividend payout ratio (DPR) is 77.89%.
In related news, EVP John D. Cobb sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $72.54, for a total transaction of $725,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in shares of Ventas by 63.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,167,982 shares of the real estate investment trust’s stock worth $421,582,000 after purchasing an additional 2,393,109 shares during the period. Heitman Real Estate Securities LLC boosted its position in shares of Ventas by 897.7% during the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,444,117 shares of the real estate investment trust’s stock worth $98,705,000 after purchasing an additional 1,299,372 shares during the period. Resolution Capital Ltd purchased a new position in shares of Ventas during the 2nd quarter worth approximately $76,570,000. Canada Pension Plan Investment Board boosted its position in shares of Ventas by 809.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,456 shares of the real estate investment trust’s stock worth $81,778,000 after purchasing an additional 1,064,842 shares during the period. Finally, AMP Capital Investors Ltd boosted its position in shares of Ventas by 210.4% during the 2nd quarter. AMP Capital Investors Ltd now owns 1,420,073 shares of the real estate investment trust’s stock worth $98,580,000 after purchasing an additional 962,587 shares during the period. 87.74% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on VTR. Stifel Nicolaus raised shares of Ventas from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a research note on Wednesday, June 19th. ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Berenberg Bank began coverage on shares of Ventas in a research note on Thursday, September 12th. They set a “hold” rating and a $72.00 price objective for the company. Citigroup raised shares of Ventas from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.00 to $76.00 in a research note on Wednesday, June 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $73.00 price objective on shares of Ventas in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.50.
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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