Impax Asset Management Group plc lessened its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 19.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 310,286 shares of the real estate investment trust's stock after selling 75,038 shares during the period. Impax Asset Management Group plc owned 0.07% of Ventas worth $21,335,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of VTR. Global Wealth Management Investment Advisory Inc. lifted its stake in Ventas by 6.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 13,051 shares of the real estate investment trust's stock valued at $897,000 after buying an additional 751 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Ventas by 3.0% in the first quarter. IFM Investors Pty Ltd now owns 174,244 shares of the real estate investment trust's stock worth $11,174,000 after acquiring an additional 5,139 shares during the last quarter. GF Fund Management CO. LTD. lifted its position in shares of Ventas by 5.4% in the first quarter. GF Fund Management CO. LTD. now owns 7,946 shares of the real estate investment trust's stock valued at $546,000 after acquiring an additional 409 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Ventas by 44.1% in the first quarter. Checchi Capital Advisers LLC now owns 5,225 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Ventas by 37.9% during the first quarter. Mutual Advisors LLC now owns 10,763 shares of the real estate investment trust's stock valued at $734,000 after acquiring an additional 2,960 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Ventas
In related news, Director Walter C. Rakowich sold 1,459 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total value of $93,025.84. Following the completion of the sale, the director directly owned 27,454 shares in the company, valued at approximately $1,750,467.04. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the executive vice president directly owned 116,650 shares in the company, valued at $7,492,429.50. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,035 shares of company stock worth $7,832,135 over the last three months. 0.80% of the stock is currently owned by insiders.
Ventas Stock Performance
VTR stock opened at $62.93 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.10. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 190.70, a PEG ratio of 2.26 and a beta of 0.87. The business has a fifty day simple moving average of $64.34 and a 200-day simple moving average of $64.03. Ventas, Inc. has a 52 week low of $51.57 and a 52 week high of $71.36.
Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.02. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. Ventas had a return on equity of 1.36% and a net margin of 2.80%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts expect that Ventas, Inc. will post 3.4 EPS for the current year.
Ventas Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 annualized dividend and a yield of 3.05%. Ventas's dividend payout ratio is currently 581.82%.
Analyst Ratings Changes
VTR has been the subject of several analyst reports. Argus set a $75.00 target price on shares of Ventas in a research note on Friday, March 7th. Wells Fargo & Company boosted their price objective on shares of Ventas from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Ventas from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $70.00 to $72.00 in a research report on Monday, June 23rd. Wall Street Zen downgraded Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada increased their price target on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $72.90.
Read Our Latest Report on VTR
About Ventas
(
Free Report)
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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