Todays Report: The Hirtle Callaghan & Co LLC Reached $255,000 position of Ventas Inc. (VTR)

The Hirtle Callaghan & Co LLC Reached $255,000 position  of Ventas Inc. (VTR)

Hirtle Callaghan & Co LLC continued to hold its stake in shares of Ventas Inc. (NYSE:VTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the real estate investment trust’s stock at the end of the second quarter. Hirtle Callaghan & Co LLC’s holdings in Ventas were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Ventas by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 5,691,895 shares of the real estate investment trust’s stock worth $414,484,000 after buying an additional 47,179 shares in the last quarter. PGGM Investments increased its stake in shares of Ventas by 12.6% in the second quarter. PGGM Investments now owns 3,780,117 shares of the real estate investment trust’s stock worth $275,268,000 after buying an additional 423,733 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ventas by 3.8% in the first quarter. Geode Capital Management LLC now owns 3,351,094 shares of the real estate investment trust’s stock worth $210,638,000 after buying an additional 121,627 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its stake in shares of Ventas by 4.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,216,634 shares of the real estate investment trust’s stock worth $161,415,000 after buying an additional 102,002 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Ventas by 5.1% in the first quarter. Legal & General Group Plc now owns 2,187,533 shares of the real estate investment trust’s stock worth $137,726,000 after buying an additional 106,708 shares in the last quarter. Institutional investors own 89.37% of the company’s stock.

Shares of Ventas Inc. (NYSE:VTR) traded up 0.60% during trading on Friday, hitting $66.80. The stock had a trading volume of 1,215,554 shares. The stock has a market cap of $23.47 billion, a price-to-earnings ratio of 51.42 and a beta of 0.31. Ventas Inc. has a 12 month low of $46.87 and a 12 month high of $76.80. The company’s 50 day moving average price is $68.66 and its 200 day moving average price is $69.31.

Ventas (NYSE:VTR) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company earned $867.12 million during the quarter, compared to analysts’ expectations of $842.66 million. Ventas had a return on equity of 4.81% and a net margin of 13.05%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. Equities research analysts expect that Ventas Inc. will post $4.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.37%. The ex-dividend date was Tuesday, September 13th. Ventas’s payout ratio is currently 176.97%.

VTR has been the subject of a number of analyst reports. 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 research report on Wednesday, July 20th. Mizuho raised their price target on Ventas from $71.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 6th. Citigroup Inc. lifted their target price on Ventas from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Jefferies Group upgraded Ventas from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $75.00 in a research report on Thursday, October 20th. Finally, Hilliard Lyons downgraded Ventas from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.70.

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

About Ventas

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.

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