New Mexico Educational Retirement Board Sells 700 Shares of Ventas, Inc. (VTR)
New Mexico Educational Retirement Board cut its holdings in shares of Ventas, Inc. (NYSE:VTR) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,676 shares of the real estate investment trust’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Ventas were worth $1,894,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in VTR. Massey Quick Simon & CO. LLC acquired a new stake in shares of Ventas during the first quarter valued at approximately $26,000. Rational Advisors LLC acquired a new stake in shares of Ventas during the fourth quarter valued at approximately $34,000. Reilly Financial Advisors LLC acquired a new stake in shares of Ventas during the fourth quarter valued at approximately $35,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Ventas by 5,686.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,253,547 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,214,605 shares during the period. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Ventas during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
In other news, CAO Gregory R. Liebbe sold 4,113 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $60.67, for a total transaction of $249,535.71. Following the transaction, the chief accounting officer now owns 14,627 shares in the company, valued at approximately $887,420.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,577 shares of company stock worth $7,149,673. Company insiders own 1.40% of the company’s stock.
Ventas stock opened at $59.03 on Friday. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 8.58 and a beta of 0.32. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04. Ventas, Inc. has a twelve month low of $46.55 and a twelve month high of $65.70.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.01. The firm had revenue of $923.26 million for the quarter, compared to analyst estimates of $913.92 million. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Equities research analysts forecast that Ventas, Inc. will post 3.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a $0.7925 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $3.17 annualized dividend and a yield of 5.37%. Ventas’s dividend payout ratio is presently 77.89%.
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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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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