Orrstown Financial Services Inc. held its position in Ventas, Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The fund owned 1,497 shares of the real estate investment trust’s stock at the end of the second quarter. Orrstown Financial Services Inc.’s holdings in Ventas were worth $104,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Ventas during the fourth quarter valued at $266,000. Brookfield Asset Management Inc. acquired a new position in Ventas during the fourth quarter valued at $2,063,000. HighPoint Advisor Group LLC increased its position in Ventas by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,117 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 69 shares during the period. Kentucky Retirement Systems acquired a new position in Ventas during the fourth quarter valued at $1,607,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Ventas during the fourth quarter valued at $717,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Shares of Ventas, Inc. (VTR) traded up 1.10% during midday trading on Monday, hitting $68.80. The company had a trading volume of 1,149,577 shares. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 34.96 and a beta of 0.08. Ventas, Inc. has a one year low of $56.20 and a one year high of $76.80. The company’s 50 day moving average is $67.99 and its 200 day moving average is $64.11.
Ventas (NYSE:VTR) last issued its earnings results on Friday, April 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by $0.58. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The firm had revenue of $883.44 million during the quarter, compared to analysts’ expectations of $873.56 million. During the same quarter last year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that Ventas, Inc. will post $1.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th were given a $0.775 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.51%. Ventas’s dividend payout ratio is currently 157.36%.
VTR has been the topic of several recent analyst reports. Zacks Investment Research downgraded Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. SunTrust Banks, Inc. initiated coverage on Ventas in a report on Tuesday, March 21st. They issued a “hold” rating and a $64.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a report on Friday, April 7th. BMO Capital Markets restated a “sell” rating and issued a $60.00 price objective on shares of Ventas in a report on Wednesday, April 12th. Finally, BidaskClub upgraded Ventas from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.22.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the sale, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.
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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