Nepsis Capital Management Inc. Sells 3,706 Shares of Ventas, Inc. (VTR)
Nepsis Capital Management Inc. lowered its stake in shares of Ventas, Inc. (NYSE:VTR) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,961 shares of the real estate investment trust’s stock after selling 3,706 shares during the period. Nepsis Capital Management Inc.’s holdings in Ventas were worth $1,558,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust acquired a new position in Ventas during the third quarter worth $131,000. Cable Hill Partners LLC acquired a new position in Ventas during the third quarter worth $174,000. Carnick & Kubik Group LLC acquired a new position in Ventas during the third quarter worth $204,000. Vident Investment Advisory LLC purchased a new stake in Ventas in the third quarter valued at $206,000. Finally, AlphaStar Capital Management LLC purchased a new stake in Ventas in the third quarter valued at $209,000. 90.10% of the stock is currently owned by institutional investors.
Ventas, Inc. (NYSE VTR) traded up $0.46 during mid-day trading on Wednesday, hitting $54.98. The company had a trading volume of 4,530,000 shares, compared to its average volume of 2,080,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $19,580.00, a P/E ratio of 32.73, a PEG ratio of 3.67 and a beta of 0.09. Ventas, Inc. has a 52-week low of $54.30 and a 52-week high of $72.36.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. Ventas’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. sell-side analysts expect that Ventas, Inc. will post 4.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Friday, December 29th. This is an increase from Ventas’s previous quarterly dividend of $0.78. Ventas’s payout ratio is currently 188.10%.
VTR has been the topic of a number of research analyst reports. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Capital One Financial upgraded Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. BMO Capital Markets set a $62.00 target price on Ventas and gave the company a “sell” rating in a research report on Friday, October 27th. KeyCorp set a $50.00 target price on Ventas and gave the company a “sell” rating in a research report on Thursday, January 11th. Finally, UBS Group downgraded Ventas from a “market perform” rating to an “underperform” rating in a research report on Monday, December 4th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $63.00.
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Ventas Company Profile
Ventas, Inc is a 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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