Busey Wealth Management lowered its stake in shares of Ventas, Inc. (NYSE:VTR) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,017 shares of the real estate investment trust’s stock after selling 1,572 shares during the quarter. Busey Wealth Management’s holdings in Ventas were worth $6,446,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in VTR. Massey Quick Simon & CO. LLC acquired a new stake in Ventas during the first quarter worth approximately $26,000. Rational Advisors LLC acquired a new stake in Ventas during the fourth quarter worth approximately $34,000. Reilly Financial Advisors LLC acquired a new stake in Ventas during the fourth quarter worth approximately $35,000. Oregon Public Employees Retirement Fund raised its holdings in Ventas by 5,686.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,214,605 shares in the last quarter. Finally, Berman Capital Advisors LLC acquired a new stake in Ventas during the fourth quarter worth approximately $41,000. 88.50% of the stock is currently owned by institutional investors.
In related news, EVP John D. Cobb sold 10,000 shares of Ventas stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $64.88, for a total value of $648,800.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert D. Reed sold 3,440 shares of Ventas stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the completion of the transaction, the director now owns 47,709 shares in the company, valued at $3,048,128.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,464 shares of company stock worth $6,900,138. 1.40% of the stock is currently owned by insiders.
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 analysts’ consensus estimates 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 net margin of 10.93% and a return on equity of 3.54%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. As a group, equities research analysts forecast that Ventas, Inc. will post 3.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a $0.7925 dividend. The ex-dividend date was Friday, March 29th. This represents a $3.17 dividend on an annualized basis and a yield of 5.31%. Ventas’s dividend payout ratio (DPR) is 77.89%.
A number of research firms have weighed in on VTR. Deutsche Bank raised their price objective on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Morgan Stanley began coverage on shares of Ventas in a report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Ventas from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday, February 11th. KeyCorp set a $55.00 price objective on shares of Ventas and gave the stock a “sell” rating in a report on Thursday, December 20th. Finally, Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus price target of $59.33.
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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