Picton Mahoney Asset Management Buys 51,814 Shares of Ventas, Inc. (NYSE:VTR)

Key Points

• Picton Mahoney Asset Management increased its stake in Ventas, Inc. by 23.1%, acquiring an additional 51,814 shares, bringing its total ownership to 276,089 shares valued at approximately $18.98 million.
• Several hedge funds made new investments or significantly increased their positions in Ventas during the first quarter, with institutional investors now holding 94.18% of the company's stock.
• Ventas announced a $0.48 quarterly dividend, representing an annualized yield of 2.94%, though it maintains a high dividend payout ratio of 581.82%.

Picton Mahoney Asset Management lifted its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 276,089 shares of the real estate investment trust's stock after buying an additional 51,814 shares during the period. Picton Mahoney Asset Management owned about 0.06% of Ventas worth $18,984,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in Ventas in the 1st quarter valued at approximately $25,000. Larson Financial Group LLC increased its position in shares of Ventas by 1,334.6% during the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 347 shares during the period. Franchise Capital Ltd acquired a new position in shares of Ventas in the first quarter valued at $32,000. Rossby Financial LCC bought a new position in Ventas in the first quarter worth $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ventas during the first quarter worth $41,000. Institutional investors own 94.18% of the company's stock.

Insider Activity at Ventas

In other news, EVP Carey S. Roberts sold 23,500 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $64.23, for a total value of $1,509,405.00. Following the transaction, the executive vice president owned 116,650 shares of the company's stock, valued at approximately $7,492,429.50. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 1,459 shares of Ventas stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total transaction of $93,025.84. Following the sale, the director owned 27,454 shares of the company's stock, valued at approximately $1,750,467.04. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 343,588 shares of company stock worth $22,415,190. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

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

Ventas Stock Performance

NYSE:VTR opened at $65.27 on Tuesday. The firm has a 50 day moving average of $64.04 and a 200-day moving average of $64.87. Ventas, Inc. has a 1 year low of $53.42 and a 1 year high of $71.36. The stock has a market capitalization of $29.46 billion, a P/E ratio of 197.78, a price-to-earnings-growth ratio of 2.39 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.

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

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, June 30th. Ventas's dividend payout ratio is currently 581.82%.

About Ventas

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.

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