Point72 Asset Management L.P. Reduces Holdings in Ventas, Inc. (NYSE:VTR)

Point72 Asset Management L.P. reduced its stake in Ventas, Inc. (NYSE:VTR) by 43.0% during the second quarter, Holdings Channel.com reports. The firm owned 154,811 shares of the real estate investment trust’s stock after selling 116,589 shares during the period. Point72 Asset Management L.P.’s holdings in Ventas were worth $7,936,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of VTR. Centersquare Investment Management LLC increased its stake in shares of Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock worth $345,667,000 after buying an additional 802,546 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ventas by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust’s stock valued at $304,047,000 after acquiring an additional 96,482 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Ventas by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,489,159 shares of the real estate investment trust’s stock valued at $239,000,000 after acquiring an additional 413,564 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Ventas during the second quarter valued at about $135,425,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Ventas by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 1,756,752 shares of the real estate investment trust’s stock worth $90,051,000 after purchasing an additional 7,585 shares during the period. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ventas

In other news, CFO Robert F. Probst sold 20,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at $9,207,444.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction dated Thursday, August 8th. The shares were 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 $9,207,444.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock valued at $4,526,464 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Ventas Stock Performance

Shares of VTR stock opened at $63.89 on Wednesday. The company’s fifty day moving average price is $60.42 and its 200-day moving average price is $52.08. The stock has a market cap of $26.40 billion, a PE ratio of -336.25, a price-to-earnings-growth ratio of 2.82 and a beta of 1.36. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio 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 data 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). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Ventas, Inc. will post 3.18 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.82%. Ventas’s payout ratio is currently -947.32%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VTR. Wolfe Research upgraded Ventas to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $61.00 to $71.00 in a research note on Tuesday. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their price objective on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.11.

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.