Insider Selling: Ventas Director Unloads 3,170 Shares of Stock (VTR)
Ventas (NYSE:VTR) Director Ronald G. Geary unloaded 3,170 shares of Ventas stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $63.97, for a total transaction of $202,784.90. Following the transaction, the director now directly owns 18,450 shares of the company’s stock, valued at approximately $1,180,247. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ventas (NYSE:VTR) traded up 0.02% on Thursday, hitting $63.68. 1,745,003 shares of the company’s stock traded hands. Ventas has a 52-week low of $54.89 and a 52-week high of $72.32. The stock has a 50-day moving average of $66.12 and a 200-day moving average of $61.81. The company has a market cap of $18.743 billion and a price-to-earnings ratio of 40.50.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.02. The company had revenue of $741.50 million for the quarter, compared to the consensus estimate of $725.56 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Ventas will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 6th will be paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Wednesday, June 4th.
A number of research firms have recently commented on VTR. Analysts at Jefferies Group raised their price target on shares of Ventas from $65.00 to $67.00 in a research note on Monday, June 2nd. Separately, analysts at Barclays raised their price target on shares of Ventas from $62.00 to $65.00 in a research note on Monday, April 28th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ventas in a research note on Friday, April 4th. They now have a $64.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.60.
Ventas, Inc is a real estate investment trust (NYSE:VTR) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada.
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