BlackRock Inc. Sells 79,428 Shares of Ventas, Inc. (NYSE:VTR)

BlackRock Inc. cut its position in Ventas, Inc. (NYSE:VTR) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 37,206,537 shares of the real estate investment trust’s stock after selling 79,428 shares during the period. BlackRock Inc. owned approximately 0.10% of Ventas worth $2,124,495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CX Institutional raised its position in Ventas by 26.9% in the second quarter. CX Institutional now owns 831 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. IndexIQ Advisors LLC raised its position in Ventas by 3.0% in the second quarter. IndexIQ Advisors LLC now owns 6,156 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 178 shares during the last quarter. Dupont Capital Management Corp raised its position in Ventas by 0.3% in the second quarter. Dupont Capital Management Corp now owns 71,089 shares of the real estate investment trust’s stock valued at $4,059,000 after purchasing an additional 182 shares during the last quarter. US Bancorp DE raised its position in shares of Ventas by 1.9% during the second quarter. US Bancorp DE now owns 12,129 shares of the real estate investment trust’s stock worth $693,000 after acquiring an additional 231 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its position in shares of Ventas by 38.6% during the first quarter. Berman Capital Advisors LLC now owns 884 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price objective on Ventas from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 1st. Royal Bank of Canada lifted their target price on Ventas from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, June 30th. BMO Capital Markets upgraded Ventas from an “underperform” rating to a “market perform” rating and set a $60.00 target price for the company in a report on Thursday, August 26th. Raymond James lifted their target price on Ventas from $61.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, June 15th. Finally, Wolfe Research began coverage on Ventas in a report on Monday, June 14th. They issued an “outperform” rating and a $71.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $58.71.

VTR stock opened at $56.21 on Thursday. The stock’s fifty day simple moving average is $57.30 and its two-hundred day simple moving average is $56.42. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Ventas, Inc. has a 1-year low of $37.83 and a 1-year high of $61.09. The stock has a market cap of $21.38 billion, a P/E ratio of 140.53, a P/E/G ratio of 5.02 and a beta of 1.26.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, August 6th. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Ventas had a return on equity of 1.50% and a net margin of 4.15%. The business had revenue of $919.20 million for the quarter, compared to analysts’ expectations of $903.94 million. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. As a group, analysts forecast that Ventas, Inc. will post 2.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Friday, October 1st will be given a $0.45 dividend. The ex-dividend date is Thursday, September 30th. This represents a $1.80 annualized dividend and a yield of 3.20%. Ventas’s dividend payout ratio is currently 54.22%.

In other Ventas news, CEO Debra A. Cafaro sold 18,076 shares of the business’s stock in a transaction on Thursday, July 1st. The stock was sold at an average price of $56.62, for a total value of $1,023,463.12. Following the sale, the chief executive officer now directly owns 759,352 shares in the company, valued at $42,994,510.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Debra A. Cafaro sold 18,075 shares of the business’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $59.77, for a total value of $1,080,342.75. The disclosure for this sale can be found here. In the last three months, insiders sold 54,226 shares of company stock worth $3,127,393. Insiders own 1.30% of the company’s stock.

About Ventas

Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.

Further Reading: How Does the Quiet Period Work?

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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