Mackay Shields LLC Increases Stake in Ventas, Inc. (VTR)
Mackay Shields LLC grew its position in Ventas, Inc. (NYSE:VTR) by 30.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 278,646 shares of the real estate investment trust’s stock after acquiring an additional 65,716 shares during the period. Mackay Shields LLC’s holdings in Ventas were worth $16,326,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rational Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at $34,000. Reilly Financial Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at $35,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Ventas by 5,686.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,214,605 shares during the last quarter. Berman Capital Advisors LLC bought a new position in shares of Ventas in the 4th quarter valued at $41,000. Finally, Eukles Asset Management bought a new position in shares of Ventas in the 4th quarter valued at $48,000. Institutional investors own 87.84% of the company’s stock.
In other news, Chairman Debra A. Cafaro sold 68,084 shares of Ventas stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $64.09, for a total value of $4,363,503.56. Following the completion of the transaction, the chairman now directly owns 805,835 shares of the company’s stock, valued at approximately $51,645,965.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Probst sold 10,000 shares of Ventas stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $65.01, for a total value of $650,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,084 shares of company stock valued at $5,646,704. Corporate insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last announced its earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. The business had revenue of $923.26 million during 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%. Ventas’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Analysts expect that Ventas, Inc. will post 3.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be given a $0.7925 dividend. This represents a $3.17 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Friday, March 29th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
A number of brokerages have recently commented on VTR. Scotiabank began coverage on Ventas in a research note on Monday, December 10th. They issued a “sector perform” rating and a $66.00 price target for the company. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. BMO Capital Markets increased their price target on Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, February 11th. ValuEngine raised Ventas from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, KeyCorp set a $55.00 target price on Ventas and gave the stock a “sell” rating in a research report on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.00.
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.
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