Narwhal Capital Management Cuts Position in Ventas Inc. (VTR)
Narwhal Capital Management lowered its position in shares of Ventas Inc. (NYSE:VTR) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,065 shares of the real estate investment trust’s stock after selling 950 shares during the period. Narwhal Capital Management’s holdings in Ventas were worth $2,699,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. PGGM Investments boosted its stake in shares of Ventas by 12.6% in the second quarter. PGGM Investments now owns 3,780,117 shares of the real estate investment trust’s stock worth $275,268,000 after buying an additional 423,733 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Ventas by 14.5% in the second quarter. NewSquare Capital LLC now owns 9,236 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 1,171 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Ventas during the second quarter worth approximately $38,153,000. Financial Architects Inc boosted its stake in shares of Ventas by 120.6% in the second quarter. Financial Architects Inc now owns 2,713 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,483 shares in the last quarter. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Ventas by 2.2% in the second quarter. Trust Co. of Toledo NA OH now owns 17,824 shares of the real estate investment trust’s stock worth $1,298,000 after buying an additional 387 shares in the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.
Ventas Inc. (NYSE:VTR) traded up 1.20% during trading on Wednesday, reaching $70.07. 2,337,048 shares of the company’s stock traded hands. The firm has a market capitalization of $24.62 billion, a PE ratio of 53.94 and a beta of 0.37. Ventas Inc. has a one year low of $46.87 and a one year high of $76.80. The company has a 50-day moving average price of $72.30 and a 200 day moving average price of $67.97.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. The firm earned $848.50 million during the quarter, compared to analyst estimates of $845.40 million. Ventas had a net margin of 13.05% and a return on equity of 4.81%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. On average, analysts anticipate that Ventas Inc. will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, September 13th. Ventas’s dividend payout ratio (DPR) is 224.62%.
A number of analysts have commented on the stock. Argus reaffirmed a “hold” rating on shares of Ventas in a report on Monday, August 29th. BTIG Research initiated coverage on shares of Ventas in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Citigroup Inc. increased their price objective on shares of Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Mizuho reissued a “buy” rating and issued a $84.00 price objective (up from $82.00) on shares of Ventas in a research note on Monday, August 1st. Finally, Zacks Investment Research cut shares of Ventas from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.00.
In related news, EVP John D. Cobb sold 60,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $75.05, for a total value of $4,503,000.00. Following the completion of the sale, the executive vice president now owns 66,256 shares of the company’s stock, valued at approximately $4,972,512.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Gregory R. Liebbe sold 6,943 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.20, for a total transaction of $508,227.60. Following the completion of the sale, the senior vice president now directly owns 7,585 shares of the company’s stock, valued at approximately $555,222. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Ventas, Inc is a healthcare real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.
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