Greenleaf Trust decreased its position in Ventas, Inc. (NYSE:VTR – Get Rating) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,429 shares of the real estate investment trust’s stock after selling 408 shares during the quarter. Greenleaf Trust’s holdings in Ventas were worth $515,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in Ventas in the second quarter valued at $31,000. EdgeRock Capital LLC purchased a new position in Ventas during the third quarter worth about $32,000. Fairfield Bush & CO. purchased a new position in Ventas during the first quarter worth about $41,000. Romano Brothers AND Company purchased a new position in Ventas during the fourth quarter worth about $42,000. Finally, Glassy Mountain Advisors Inc. purchased a new position in Ventas during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Debra A. Cafaro sold 32,932 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $52.74, for a total transaction of $1,736,833.68. Following the completion of the sale, the chief executive officer now directly owns 863,555 shares of the company’s stock, valued at approximately $45,543,890.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
Ventas Price Performance
Ventas (NYSE:VTR – Get Rating) last released its earnings results on Thursday, February 9th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.72 by ($0.83). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Ventas had a negative return on equity of 0.45% and a negative net margin of 1.15%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, sell-side analysts forecast that Ventas, Inc. will post 2.96 EPS for the current fiscal year.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Monday, April 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 31st. This represents a $1.80 annualized dividend and a yield of 4.22%. Ventas’s payout ratio is currently -1,500.00%.
Analysts Set New Price Targets
Several research firms recently issued reports on VTR. Raymond James increased their price target on shares of Ventas from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, January 9th. Royal Bank of Canada dropped their target price on shares of Ventas from $56.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com began coverage on shares of Ventas in a report on Thursday, March 16th. They issued a “sell” rating for the company. Finally, KeyCorp dropped their target price on shares of Ventas from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ventas presently has a consensus rating of “Moderate Buy” and an average target price of $56.09.
Ventas Company Profile
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties.
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