Camden National Bank lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,685 shares of the real estate investment trust’s stock after selling 3,316 shares during the period. Ventas comprises about 2.2% of Camden National Bank’s holdings, making the stock its 17th biggest position. Camden National Bank’s holdings in Ventas were worth $9,909,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Truvestments Capital LLC increased its stake in shares of Ventas by 36.1% in the third quarter. Truvestments Capital LLC now owns 11,017 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 2,922 shares in the last quarter. Cypress Capital Group increased its stake in shares of Ventas by 4.1% in the third quarter. Cypress Capital Group now owns 24,537 shares of the real estate investment trust’s stock worth $1,792,000 after purchasing an additional 960 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Ventas by 18.8% in the third quarter. Pacer Advisors Inc. now owns 39,993 shares of the real estate investment trust’s stock worth $2,921,000 after purchasing an additional 6,343 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Ventas by 7.5% in the third quarter. Gulf International Bank UK Ltd now owns 87,484 shares of the real estate investment trust’s stock worth $6,388,000 after purchasing an additional 6,128 shares in the last quarter. Finally, Allred Capital Management LLC purchased a new position in shares of Ventas in the third quarter worth about $205,000. Institutional investors and hedge funds own 87.75% of the company’s stock.
Shares of VTR stock traded down $1.00 during trading hours on Friday, reaching $72.13. The stock had a trading volume of 1,827,231 shares, compared to its average volume of 1,968,748. The stock’s fifty day simple moving average is $73.07 and its 200 day simple moving average is $67.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.94. Ventas, Inc. has a 12 month low of $52.80 and a 12 month high of $75.40. The firm has a market capitalization of $27.25 billion, a PE ratio of 17.72, a PEG ratio of 7.10 and a beta of 0.22.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $931.16 million. During the same quarter last year, the business posted $0.46 earnings per share. Ventas’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Ventas, Inc. will post 3.84 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be given a $0.7925 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 4.4%. Ventas’s dividend payout ratio (DPR) is currently 77.89%.
In other news, EVP John D. Cobb sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $72.54, for a total value of $725,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Ventas in a research note on Tuesday, September 3rd. They issued an “equal weight” rating and a $74.00 target price for the company. Bank of America reiterated a “neutral” rating and issued a $72.50 target price (up previously from $67.00) on shares of Ventas in a research note on Friday, June 21st. BMO Capital Markets reiterated a “hold” rating and issued a $73.00 target price on shares of Ventas in a research note on Monday, July 29th. Royal Bank of Canada lifted their target price on shares of Ventas to $71.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Finally, Morgan Stanley lifted their target price on shares of Ventas from $61.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.50.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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