WESPAC Advisors LLC purchased a new stake in shares of Ventas Inc. (NYSE:VTR) during the second quarter, Holdings Channel reports. The fund purchased 2,941 shares of the real estate investment trust’s stock, valued at approximately $214,000.

A number of other hedge funds have also bought and sold shares of the stock. William Harris Investors Inc. boosted its stake in Ventas by 0.6% in the first quarter. William Harris Investors Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 28 shares during the period. West Oak Capital LLC boosted its stake in Ventas by 1.3% in the second quarter. West Oak Capital LLC now owns 3,620 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 45 shares during the period. Phocas Financial Corp. boosted its stake in Ventas by 0.5% in the first quarter. Phocas Financial Corp. now owns 12,887 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 66 shares during the period. Newman Dignan & Sheerar Inc. boosted its stake in Ventas by 1.5% in the second quarter. Newman Dignan & Sheerar Inc. now owns 12,588 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 189 shares during the period. Finally, Gofen & Glossberg LLC IL boosted its stake in Ventas by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 37,129 shares of the real estate investment trust’s stock valued at $2,704,000 after buying an additional 226 shares during the period. Institutional investors own 89.40% of the company’s stock.

Ventas Inc. (NYSE:VTR) traded up 1.96% during trading on Thursday, reaching $71.44. The company’s stock had a trading volume of 1,863,098 shares. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 55.00 and a beta of 0.37. The stock’s 50-day moving average is $72.18 and its 200 day moving average is $68.00. Ventas Inc. has a 52-week low of $46.87 and a 52-week high of $76.80.

Ventas (NYSE:VTR) last announced its earnings results on Friday, July 29th. The real estate investment trust reported $1.04 EPS for the quarter, meeting the consensus estimate of $1.04. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The business earned $848.50 million during the quarter, compared to the consensus estimate of $845.40 million. During the same period in the prior year, the business posted $1.18 earnings per share. Ventas’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Ventas Inc. will post $4.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, September 13th. Ventas’s dividend payout ratio is 224.62%.

Several analysts have commented on the company. Raymond James Financial Inc. assumed coverage on Ventas in a report on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Ventas from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, July 12th. Citigroup Inc. lifted their price target on Ventas from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Barclays PLC restated a “hold” rating and issued a $64.00 price target on shares of Ventas in a report on Thursday, July 7th. Finally, Hilliard Lyons cut Ventas from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.00.

In other news, EVP T Richard Riney sold 169,450 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $72.98, for a total transaction of $12,366,461.00. Following the completion of the sale, the executive vice president now directly owns 176,170 shares of the company’s stock, valued at $12,856,886.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Cobb sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $75.05, for a total value of $4,503,000.00. Following the sale, the executive vice president now directly owns 66,256 shares of the company’s stock, valued at $4,972,512.80. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Ventas Company Profile

Ventas, Inc is a healthcare real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. In its triple-net leased properties segment, the Company acquires and owns seniors housing and healthcare properties throughout the United States and the United Kingdom.

5 Day Chart for NYSE:VTR

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