Ngam Advisors L.P. Cuts Stake in Ventas, Inc. (VTR)
Ngam Advisors L.P. cut its position in Ventas, Inc. (NYSE:VTR) by 2.9% during the first quarter, Holdings Channel reports. The firm owned 185,811 shares of the real estate investment trust’s stock after selling 5,589 shares during the period. Ngam Advisors L.P.’s holdings in Ventas were worth $12,086,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in VTR. Cornerstone Wealth Management LLC raised its stake in Ventas by 9.4% in the first quarter. Cornerstone Wealth Management LLC now owns 4,138 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 357 shares during the period. Presima Inc. raised its stake in Ventas by 1.0% in the first quarter. Presima Inc. now owns 29,700 shares of the real estate investment trust’s stock worth $1,932,000 after buying an additional 300 shares during the period. Anchor Capital Advisors LLC raised its stake in Ventas by 2.0% in the first quarter. Anchor Capital Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 100 shares during the period. Utah Retirement Systems raised its stake in Ventas by 1.2% in the first quarter. Utah Retirement Systems now owns 78,809 shares of the real estate investment trust’s stock worth $5,126,000 after buying an additional 900 shares during the period. Finally, Legal & General Group Plc raised its stake in Ventas by 5.4% in the first quarter. Legal & General Group Plc now owns 2,502,744 shares of the real estate investment trust’s stock worth $162,772,000 after buying an additional 128,648 shares during the period. 91.31% of the stock is owned by institutional investors.
Shares of Ventas, Inc. (NYSE:VTR) traded up 0.70% during trading on Friday, reaching $69.52. 2,982,083 shares of the company’s stock were exchanged. The company has a market capitalization of $24.67 billion, a P/E ratio of 35.33 and a beta of 0.13. The stock has a 50-day moving average price of $66.10 and a 200 day moving average price of $63.45. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $76.80.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.58. The company had revenue of $883.44 million during the quarter, compared to analysts’ expectations of $873.56 million. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Equities analysts expect that Ventas, Inc. will post $1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, June 2nd. Ventas’s payout ratio is presently 157.36%.
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A number of research firms recently weighed in on VTR. BidaskClub raised shares of Ventas from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Group LLC upped their price objective on shares of Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets reaffirmed a “sell” rating and issued a $60.00 price objective on shares of Ventas in a research note on Wednesday, April 12th. Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. Finally, SunTrust Banks, Inc. began coverage on shares of Ventas in a research note on Tuesday, March 21st. They issued a “hold” rating and a $64.00 price objective for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Ventas presently has a consensus rating of “Hold” and an average target price of $65.25.
Ventas Company Profile
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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