Glenview Trust co Decreases Stock Position in Ventas, Inc. (NYSE:VTR)

Glenview Trust co reduced its position in Ventas, Inc. (NYSE:VTR) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,693 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. Glenview Trust co’s holdings in Ventas were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ventas by 862.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,932,017 shares of the real estate investment trust’s stock valued at $252,160,000 after buying an additional 3,523,594 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ventas by 105.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust’s stock valued at $347,605,000 after buying an additional 2,778,408 shares during the last quarter. FMR LLC raised its stake in Ventas by 4.4% during the 3rd quarter. FMR LLC now owns 23,364,810 shares of the real estate investment trust’s stock valued at $1,498,385,000 after buying an additional 982,795 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ventas by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,557,480 shares of the real estate investment trust’s stock valued at $1,767,261,000 after buying an additional 599,600 shares during the last quarter. Finally, State Street Corp raised its stake in Ventas by 2.2% during the 3rd quarter. State Street Corp now owns 26,671,227 shares of the real estate investment trust’s stock valued at $1,710,426,000 after buying an additional 581,870 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ventas

In other Ventas news, CEO Debra A. Cafaro sold 214,679 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $68.22, for a total transaction of $14,645,401.38. Following the completion of the transaction, the chief executive officer now owns 1,138,143 shares of the company’s stock, valued at $77,644,115.46. This represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $63.00, for a total transaction of $243,558.00. Following the transaction, the chief accounting officer now directly owns 11,371 shares of the company’s stock, valued at $716,373. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,227 shares of company stock valued at $17,769,097 in the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VTR shares. Wedbush boosted their target price on shares of Ventas from $69.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley boosted their target price on shares of Ventas from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Mizuho reduced their price objective on Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on Ventas from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.20.

Ventas Trading Up 2.8 %

Shares of VTR stock opened at $68.78 on Tuesday. Ventas, Inc. has a 52-week low of $41.45 and a 52-week high of $71.04. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $30.07 billion, a PE ratio of 362.04, a PEG ratio of 2.59 and a beta of 1.37. The stock has a fifty day simple moving average of $63.21 and a two-hundred day simple moving average of $62.96.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. On average, analysts predict that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, March 31st. This is an increase from Ventas’s previous quarterly dividend of $0.45. Ventas’s dividend payout ratio is 1,010.53%.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.