Adelante Capital Management LLC Sells 17,195 Shares of Ventas, Inc. (VTR)
Adelante Capital Management LLC cut its holdings in Ventas, Inc. (NYSE:VTR) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 379,400 shares of the real estate investment trust’s stock after selling 17,195 shares during the period. Ventas accounts for 1.5% of Adelante Capital Management LLC’s portfolio, making the stock its 26th largest holding. Adelante Capital Management LLC owned 0.11% of Ventas worth $26,361,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VTR. Cribstone Capital Management LLC raised its position in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Ventas by 48.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 650 shares during the period. Northern Capital Management LLC bought a new position in Ventas in the second quarter worth approximately $202,000. Honkamp Krueger Financial Services Inc. bought a new position in Ventas in the second quarter worth approximately $203,000. Finally, Strategic Financial Group LLC bought a new position in Ventas in the second quarter worth approximately $208,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
Shares of Ventas, Inc. (VTR) traded up 0.05% during mid-day trading on Thursday, hitting $63.68. 534,615 shares of the stock traded hands. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $72.36. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of 32.26 and a beta of 0.08. The firm has a 50 day moving average of $67.32 and a 200 day moving average of $66.67.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The firm had revenue of $895.49 million for the quarter, compared to the consensus estimate of $890.01 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Ventas, Inc. will post $1.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 12th were issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Monday, September 11th. Ventas’s dividend payout ratio (DPR) is presently 157.36%.
Several research analysts have weighed in on VTR shares. BidaskClub downgraded shares of Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. KeyCorp reiterated a “sell” rating and issued a $55.00 price target on shares of Ventas in a research report on Sunday, September 17th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. UBS AG decreased their price target on shares of Ventas from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday, September 6th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Ventas has a consensus rating of “Hold” and an average price target of $63.70.
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Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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