TCW Group Inc. Trims Holdings in Ventas, Inc. (NYSE:VTR)

Key Points

• TCW Group Inc. reduced its holdings in Ventas, Inc. by 32.6% during the first quarter, leaving it with 56,482 shares valued at approximately $3.88 million.
• Insider sales included EVP Carey S. Roberts selling 23,500 shares at an average price of $64.23, indicating a 16.77% decrease in their ownership, while CEO Debra A. Cafaro also sold shares, impacting their respective holdings.
• Ventas recently declared a quarterly dividend of $0.48 per share, contributing to an annualized dividend yield of 2.89%, with a payout ratio currently at 581.82%.

TCW Group Inc. lowered its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 56,482 shares of the real estate investment trust's stock after selling 27,274 shares during the quarter. TCW Group Inc.'s holdings in Ventas were worth $3,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VTR. LPL Financial LLC lifted its stake in Ventas by 5.5% in the fourth quarter. LPL Financial LLC now owns 226,381 shares of the real estate investment trust's stock worth $13,332,000 after acquiring an additional 11,767 shares during the period. Korea Investment CORP lifted its position in shares of Ventas by 40.0% in the 4th quarter. Korea Investment CORP now owns 272,702 shares of the real estate investment trust's stock worth $16,059,000 after purchasing an additional 77,890 shares during the period. NEOS Investment Management LLC boosted its position in Ventas by 30.3% during the 4th quarter. NEOS Investment Management LLC now owns 21,401 shares of the real estate investment trust's stock valued at $1,260,000 after acquiring an additional 4,973 shares in the last quarter. Norges Bank bought a new stake in shares of Ventas during the fourth quarter valued at approximately $340,282,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Ventas by 7.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 892,700 shares of the real estate investment trust's stock valued at $52,571,000 after buying an additional 64,821 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company's stock.

Insider Activity at Ventas

In related news, EVP Carey S. Roberts sold 23,500 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 116,650 shares in the company, valued at approximately $7,492,429.50. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Debra A. Cafaro sold 14,753 shares of Ventas stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.60, for a total transaction of $967,796.80. Following the completion of the sale, the chief executive officer directly owned 1,145,695 shares of the company's stock, valued at approximately $75,157,592. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 343,588 shares of company stock valued at $22,415,190 over the last ninety days. Company insiders own 1.00% of the company's stock.

Ventas Stock Performance

Shares of VTR opened at $66.48 on Monday. The company has a market cap of $30.00 billion, a price-to-earnings ratio of 201.45, a P/E/G ratio of 2.39 and a beta of 0.87. The business's fifty day simple moving average is $64.04 and its two-hundred day simple moving average is $64.82. Ventas, Inc. has a 12 month low of $53.09 and a 12 month high of $71.36. 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 released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. Ventas had a return on equity of 1.36% and a net margin of 2.80%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the firm posted $0.78 earnings per share. Ventas's revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.89%. Ventas's dividend payout ratio is presently 581.82%.

Analyst Ratings Changes

VTR has been the subject of a number of recent research reports. Wall Street Zen cut shares of Ventas from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Ventas from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $70.00 to $72.00 in a report on Monday, June 23rd. Scotiabank boosted their price target on Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada raised 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.90.

Ventas Company 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.

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