ProVise Management Group LLC Has $1.95 Million Position in Ventas, Inc. (VTR)

ProVise Management Group LLC trimmed its stake in shares of Ventas, Inc. (NYSE:VTR) by 2.8% during the third quarter, HoldingsChannel.com reports. The firm owned 35,891 shares of the real estate investment trust’s stock after selling 1,030 shares during the quarter. ProVise Management Group LLC’s holdings in Ventas were worth $1,952,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Ventas by 7.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 604,589 shares of the real estate investment trust’s stock valued at $32,878,000 after purchasing an additional 42,200 shares during the period. Benedict Financial Advisors Inc. bought a new position in Ventas in the 3rd quarter worth about $1,217,000. Gulf International Bank UK Ltd increased its stake in Ventas by 2.8% in the 3rd quarter. Gulf International Bank UK Ltd now owns 120,386 shares of the real estate investment trust’s stock worth $6,546,000 after acquiring an additional 3,300 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in Ventas by 0.6% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 201,986 shares of the real estate investment trust’s stock worth $10,984,000 after acquiring an additional 1,300 shares during the last quarter. Finally, HL Financial Services LLC increased its stake in Ventas by 75.7% in the 3rd quarter. HL Financial Services LLC now owns 33,505 shares of the real estate investment trust’s stock worth $1,822,000 after acquiring an additional 14,431 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.

In other news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

VTR opened at $59.59 on Thursday. Ventas, Inc. has a 12-month low of $46.55 and a 12-month high of $65.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $21.01 billion, a PE ratio of 14.32, a PEG ratio of 4.37 and a beta of -0.02.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Ventas had a return on equity of 4.56% and a net margin of 19.90%. The firm had revenue of $936.54 million during the quarter, compared to analysts’ expectations of $920.19 million. During the same period in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Ventas, Inc. will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, October 1st were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, September 28th. Ventas’s payout ratio is currently 75.96%.

A number of equities analysts have weighed in on VTR shares. Jefferies Financial Group restated a “$57.33” rating and issued a $61.00 target price on shares of Ventas in a research note on Wednesday, July 18th. Cantor Fitzgerald restated a “hold” rating and issued a $56.00 target price on shares of Ventas in a research note on Friday, July 27th. SunTrust Banks restated a “hold” rating and issued a $58.00 target price on shares of Ventas in a research note on Tuesday, July 31st. Royal Bank of Canada set a $61.00 target price on Ventas and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and an average target price of $55.46.

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About Ventas

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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

Further Reading: Inflation

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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