Eqis Capital Management Inc. Has $674,000 Position in Ventas, Inc. (VTR)
Eqis Capital Management Inc. decreased its holdings in Ventas, Inc. (NYSE:VTR) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,568 shares of the real estate investment trust’s stock after selling 179 shares during the quarter. Eqis Capital Management Inc.’s holdings in Ventas were worth $674,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VTR. JPMorgan Chase & Co. boosted its stake in Ventas by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after buying an additional 1,331,028 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Ventas by 23.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock worth $372,410,000 after buying an additional 1,282,487 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Ventas in the 3rd quarter worth about $357,000. Mackenzie Financial Corp boosted its stake in Ventas by 56.7% in the 3rd quarter. Mackenzie Financial Corp now owns 11,208 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 4,056 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Ventas by 34.4% in the 3rd quarter. Macquarie Group Ltd. now owns 188,225 shares of the real estate investment trust’s stock worth $10,235,000 after buying an additional 48,155 shares during the last quarter. 88.50% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on VTR shares. ValuEngine lowered Ventas from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley began coverage on Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 price objective on the stock. BMO Capital Markets lifted their price objective on Ventas from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Deutsche Bank lifted their price objective on Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Finally, Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.33.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. The business had revenue of $923.26 million for the quarter, compared to analyst estimates of $913.92 million. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Sell-side analysts expect that Ventas, Inc. will post 3.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.7925 per share. The ex-dividend date was Friday, March 29th. This represents a $3.17 annualized dividend and a dividend yield of 5.37%. Ventas’s payout ratio is currently 77.89%.
In related news, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total transaction of $633,100.00. Following the sale, the chief financial officer now directly owns 100,064 shares in the company, valued at approximately $6,335,051.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Debra A. Cafaro sold 68,084 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $64.09, for a total value of $4,363,503.56. Following the sale, the chairman now owns 805,835 shares in the company, valued at $51,645,965.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,577 shares of company stock worth $7,149,673. Company insiders own 1.40% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/eqis-capital-management-inc-has-674000-position-in-ventas-inc-vtr/2980587.html.
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, health systems and skilled nursing facilities.
Featured Article: What is the Bid-Ask Spread?
Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.