Lighthouse Investment Partners LLC Reduces Stake in Ventas, Inc. (NYSE:VTR)

Lighthouse Investment Partners LLC lowered its holdings in Ventas, Inc. (NYSE:VTR) by 57.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 85,000 shares of the real estate investment trust’s stock after selling 115,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Ventas were worth $4,357,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Mackenzie Financial Corp increased its holdings in shares of Ventas by 1,247.7% in the 2nd quarter. Mackenzie Financial Corp now owns 496,531 shares of the real estate investment trust’s stock valued at $25,452,000 after acquiring an additional 459,689 shares during the last quarter. Makena Capital Management LLC purchased a new position in shares of Ventas in the 2nd quarter valued at about $7,220,000. MBB Public Markets I LLC purchased a new position in shares of Ventas in the 2nd quarter valued at about $1,469,000. APG Asset Management N.V. boosted its position in shares of Ventas by 256.8% in the 2nd quarter. APG Asset Management N.V. now owns 62,382 shares of the real estate investment trust’s stock valued at $2,984,000 after purchasing an additional 44,900 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Ventas by 26.5% in the 2nd quarter. AQR Capital Management LLC now owns 54,943 shares of the real estate investment trust’s stock valued at $2,789,000 after purchasing an additional 11,507 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Stock Up 0.0 %

VTR opened at $63.84 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50 day simple moving average of $59.80 and a 200-day simple moving average of $51.53. The stock has a market capitalization of $26.38 billion, a P/E ratio of -335.98, a P/E/G ratio of 2.83 and a beta of 1.36. Ventas, Inc. has a 12 month low of $39.33 and a 12 month high of $65.64.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.74). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that Ventas, Inc. will post 3.18 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, October 1st. Ventas’s payout ratio is currently -947.32%.

Wall Street Analyst Weigh In

VTR has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Evercore ISI upped their target price on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Scotiabank upped their target price on Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Wolfe Research raised Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Finally, StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and an average target price of $58.67.

Insider Activity at Ventas

In related news, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at approximately $9,207,444.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at approximately $9,207,444.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Debra A. Cafaro sold 40,079 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. The disclosure for this sale can be found here. Insiders sold 77,065 shares of company stock valued at $4,526,464 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Ventas Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.