Envestnet Asset Management Inc. Trims Stock Holdings in Ventas, Inc. (NYSE:VTR)

Envestnet Asset Management Inc. lessened its holdings in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 13.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 312,532 shares of the real estate investment trust's stock after selling 49,266 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Ventas worth $21,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in Ventas during the first quarter worth $25,000. Franchise Capital Ltd purchased a new stake in Ventas during the first quarter worth $32,000. Rossby Financial LCC purchased a new stake in shares of Ventas in the first quarter valued at $34,000. Private Trust Co. NA lifted its position in shares of Ventas by 175.2% in the first quarter. Private Trust Co. NA now owns 622 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 396 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Ventas in the first quarter valued at $46,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VTR shares. JPMorgan Chase & Co. upgraded Ventas from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $70.00 to $72.00 in a research report on Monday, June 23rd. Scotiabank upped their price objective on Ventas from $71.00 to $72.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. Wall Street Zen downgraded Ventas from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada upped their price objective on Ventas from $74.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.90.

Insider Buying and Selling

In other news, CEO Debra A. Cafaro sold 1,224 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $65.62, for a total value of $80,318.88. Following the completion of the sale, the chief executive officer owned 1,145,695 shares in the company, valued at approximately $75,180,505.90. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Probst sold 168,318 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the completion of the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. This trade represents a 49.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 305,622 shares of company stock worth $19,900,685 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Ventas Trading Down 0.1%

NYSE:VTR traded down $0.05 on Thursday, hitting $65.45. 2,098,054 shares of the stock were exchanged, compared to its average volume of 2,922,884. The stock has a market cap of $29.54 billion, a PE ratio of 198.32, a PEG ratio of 2.34 and a beta of 0.87. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.10. The stock has a fifty day moving average of $63.83 and a 200-day moving average of $64.32. Ventas, Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $71.36.

Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. Ventas had a return on equity of 1.36% and a net margin of 2.80%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, equities analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.93%. Ventas's dividend payout ratio (DPR) is currently 581.82%.

Ventas Profile

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.