Reinhart Partners Inc. cut its stake in Ventas, Inc. (NYSE:VTR) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,014 shares of the real estate investment trust’s stock after selling 16,806 shares during the period. Ventas comprises approximately 1.7% of Reinhart Partners Inc.’s portfolio, making the stock its 29th largest position. Reinhart Partners Inc. owned approximately 0.07% of Ventas worth $18,186,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in VTR. Citizens Financial Group Inc RI lifted its position in Ventas by 230.5% in the third quarter. Citizens Financial Group Inc RI now owns 347 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Kavar Capital Partners LLC purchased a new stake in shares of Ventas in the second quarter valued at about $27,000. HM Payson & Co. purchased a new stake in shares of Ventas in the second quarter valued at about $29,000. Gradient Investments LLC raised its holdings in shares of Ventas by 1,007.7% in the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 393 shares during the last quarter. Finally, Optimum Investment Advisors raised its holdings in shares of Ventas by 77.1% in the third quarter. Optimum Investment Advisors now owns 496 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on VTR shares. Morgan Stanley reduced their target price on shares of Ventas from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday. Berenberg Bank started coverage on shares of Ventas in a report on Thursday, September 12th. They issued a “hold” rating and a $72.00 target price for the company. Stifel Nicolaus cut shares of Ventas from a “buy” rating to a “hold” rating and cut their price target for the stock from $74.00 to $66.00 in a report on Wednesday, October 30th. ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Barclays started coverage on shares of Ventas in a report on Tuesday, September 3rd. They set an “equal weight” rating and a $74.00 price target for the company. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Ventas presently has an average rating of “Hold” and a consensus price target of $66.58.
In other news, EVP John D. Cobb sold 10,000 shares of the 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 SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.
NYSE VTR traded down $0.46 during trading hours on Friday, hitting $59.54. 1,627,955 shares of the stock were exchanged, compared to its average volume of 2,132,293. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 5.21 and a beta of 0.17. Ventas, Inc. has a 12-month low of $56.52 and a 12-month high of $75.40. The stock has a 50-day moving average of $70.09 and a 200 day moving average of $68.38. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.11.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.71). Ventas had a return on equity of 4.59% and a net margin of 12.73%. The firm had revenue of $983.16 million for the quarter, compared to analysts’ expectations of $935.43 million. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Ventas, Inc. will post 3.84 earnings per share for the current year.
The firm also recently declared a — dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were given a $0.7925 dividend. The ex-dividend date was Monday, September 30th. This represents a dividend yield of 4.4%. Ventas’s dividend payout ratio is presently 77.89%.
Ventas Company Profile
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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