OppenheimerFunds Inc. Reduces Position in Ventas, Inc. (NYSE:VTR)

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OppenheimerFunds Inc. lessened its holdings in Ventas, Inc. (NYSE:VTR) by 95.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,096 shares of the real estate investment trust’s stock after selling 2,211,015 shares during the quarter. OppenheimerFunds Inc.’s holdings in Ventas were worth $5,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Certified Advisory Corp purchased a new stake in shares of Ventas during the fourth quarter valued at approximately $102,000. Valeo Financial Advisors LLC increased its stake in shares of Ventas by 1,945.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,841 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,751 shares in the last quarter. Aevitas Wealth Management Inc. purchased a new position in Ventas during the fourth quarter valued at $114,000. Icon Wealth Partners LLC purchased a new position in shares of Ventas in the 4th quarter worth $114,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new stake in shares of Ventas in the 4th quarter worth about $116,000. Institutional investors and hedge funds own 84.35% of the company’s stock.

In related news, Chairman Debra A. Cafaro sold 30,944 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the transaction, the chairman now directly owns 775,111 shares of the company’s stock, valued at approximately $41,220,402.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Melody C. Barnes sold 3,963 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $53.37, for a total value of $211,505.31. The disclosure for this sale can be found here. Insiders sold a total of 65,851 shares of company stock valued at $3,559,027 in the last 90 days. 1.40% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on VTR shares. ValuEngine lowered shares of Ventas from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Hilliard Lyons raised shares of Ventas from a “neutral” rating to a “buy” rating in a research report on Friday, April 27th. Evercore ISI downgraded shares of Ventas from an “in-line” rating to an “underperform” rating in a research report on Monday, May 21st. BMO Capital Markets reiterated a “sell” rating and issued a $51.00 target price on shares of Ventas in a research note on Tuesday, March 27th. Finally, Deutsche Bank decreased their target price on shares of Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, March 19th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $56.85.

Shares of Ventas stock opened at $56.95 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.77 and a beta of 0.11. Ventas, Inc. has a 52 week low of $46.55 and a 52 week high of $70.18.

Ventas (NYSE:VTR) last announced its earnings results on Friday, April 27th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.79). Ventas had a return on equity of 5.24% and a net margin of 34.04%. The business had revenue of $943.70 million for the quarter, compared to analysts’ expectations of $874.42 million. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. analysts anticipate that Ventas, Inc. will post 4.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Monday, July 2nd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Friday, June 29th. Ventas’s dividend payout ratio (DPR) is 75.96%.

Ventas Profile

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.

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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