Ventas Sees Unusually Large Options Volume (VTR)

Ventas, Inc. (NYSE:VTR) saw unusually large options trading on Tuesday. Investors purchased 3,948 put options on the stock. This represents an increase of 1,330% compared to the average daily volume of 276 put options.

Shares of NYSE VTR opened at $59.75 on Wednesday. Ventas has a 52 week low of $46.55 and a 52 week high of $65.70. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.04. The company has a market cap of $22.19 billion, a P/E ratio of 14.68, a P/E/G ratio of 8.57 and a beta of 0.32.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, beating the consensus estimate of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The firm had revenue of $923.26 million during the quarter, compared to analysts’ expectations of $913.92 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Ventas will post 3.81 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a dividend of $0.7925 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $3.17 annualized dividend and a yield of 5.31%. Ventas’s dividend payout ratio (DPR) is presently 77.89%.

In other news, Chairman Debra A. Cafaro sold 68,084 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $64.09, for a total transaction 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 $51,645,965.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James D. Shelton sold 5,940 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the transaction, the director now directly owns 46,860 shares of the company’s stock, valued at $3,036,059.40. The disclosure for this sale can be found here. Insiders sold 107,464 shares of company stock valued at $6,900,138 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VTR. Kistler Tiffany Companies LLC raised its stake in Ventas by 20.5% in the first quarter. Kistler Tiffany Companies LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 287 shares during the period. Edmp Inc. raised its stake in Ventas by 8.8% in the first quarter. Edmp Inc. now owns 12,042 shares of the real estate investment trust’s stock valued at $768,000 after buying an additional 975 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in Ventas in the first quarter valued at approximately $26,000. Steinberg Global Asset Management raised its stake in Ventas by 5.1% in the first quarter. Steinberg Global Asset Management now owns 74,567 shares of the real estate investment trust’s stock valued at $3,693,000 after buying an additional 3,590 shares during the period. Finally, Flagship Harbor Advisors LLC raised its stake in Ventas by 11.3% in the first quarter. Flagship Harbor Advisors LLC now owns 2,975 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 301 shares during the period. 88.50% of the stock is owned by hedge funds and other institutional investors.

VTR has been the subject of several recent research reports. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. KeyCorp set a $55.00 price objective on Ventas and gave the stock a “sell” rating in a research report on Thursday, December 20th. BMO Capital Markets upped their price objective on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Deutsche Bank upped their price objective on Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Finally, ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Ventas has an average rating of “Hold” and a consensus price target of $59.33.

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Ventas Company Profile

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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