Ventas, Inc. (NYSE:VTR - Get Free Report) Director Walter C. Rakowich sold 1,459 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $63.76, for a total transaction of $93,025.84. Following the sale, the director now directly owns 27,454 shares of the company's stock, valued at approximately $1,750,467.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Ventas Stock Performance
VTR opened at $64.78 on Friday. Ventas, Inc. has a 12-month low of $46.66 and a 12-month high of $71.36. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $29.24 billion, a PE ratio of 340.97, a P/E/G ratio of 2.59 and a beta of 0.95. The firm has a 50 day moving average of $66.97 and a two-hundred day moving average of $63.96.
Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.32 billion. Ventas had a net margin of 1.65% and a return on equity of 0.82%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. On average, analysts anticipate that Ventas, Inc. will post 3.4 EPS for the current year.
Ventas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.96%. Ventas's payout ratio is 581.82%.
Institutional Investors Weigh In On Ventas
A number of hedge funds and other institutional investors have recently made changes to their positions in VTR. Cloud Capital Management LLC acquired a new stake in shares of Ventas during the 1st quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in shares of Ventas by 1,334.6% during the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 347 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Ventas by 66.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 210 shares during the period. Franchise Capital Ltd acquired a new stake in shares of Ventas during the 1st quarter worth approximately $32,000. Finally, Rossby Financial LCC acquired a new stake in shares of Ventas during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 94.18% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Ventas from $71.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Wedbush increased their price objective on shares of Ventas from $69.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Argus set a $75.00 price objective on shares of Ventas in a research report on Friday, March 7th. Baird R W raised shares of Ventas from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Morgan Stanley increased their price objective on shares of Ventas from $65.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $73.00.
Check Out Our Latest Stock Report on Ventas
Ventas Company Profile
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Get Free Report)
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.
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