Rush Island Management LP Sells 230,795 Shares of Ventas, Inc. $VTR

Rush Island Management LP decreased its position in Ventas, Inc. (NYSE:VTR) by 14.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,402,660 shares of the real estate investment trust’s stock after selling 230,795 shares during the period. Ventas comprises approximately 7.7% of Rush Island Management LP’s holdings, making the stock its 6th largest holding. Rush Island Management LP’s holdings in Ventas were worth $114,710,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dynamic Wealth Strategies LLC acquired a new stake in shares of Ventas during the 1st quarter worth approximately $25,000. Wiser Advisor Group LLC bought a new position in Ventas in the third quarter worth $27,000. IFC & Insurance Marketing Inc. acquired a new stake in Ventas during the fourth quarter worth $30,000. Elyxium Wealth LLC acquired a new stake in Ventas during the fourth quarter worth $33,000. Finally, Reflection Asset Management bought a new stake in Ventas in the 4th quarter valued at $34,000. Institutional investors own 94.18% of the company’s stock.

Insider Activity

In related news, Director Walter C. Rakowich sold 1,152 shares of Ventas stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.20, for a total value of $103,910.40. Following the sale, the director owned 28,349 shares of the company’s stock, valued at approximately $2,557,079.80. This trade represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael J. Embler bought 2,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $78.81 per share, for a total transaction of $197,025.00. Following the purchase, the director directly owned 19,202 shares in the company, valued at approximately $1,513,309.62. This represents a 14.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VTR shares. Evercore reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ventas in a report on Wednesday, April 29th. UBS Group increased their price target on shares of Ventas from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price target on shares of Ventas from $91.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Raymond James Financial assumed coverage on Ventas in a report on Tuesday, June 16th. They issued an “outperform” rating and a $94.00 price objective for the company. Finally, Mizuho lifted their price target on shares of Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Fifteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Ventas Trading Down 1.8%

Shares of NYSE:VTR opened at $98.30 on Wednesday. The firm has a market cap of $47.79 billion, a price-to-earnings ratio of 178.73, a PEG ratio of 2.15 and a beta of 0.70. Ventas, Inc. has a 12 month low of $65.60 and a 12 month high of $101.60. The company’s fifty day simple moving average is $88.61 and its 200 day simple moving average is $85.24. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.95.

Ventas (NYSE:VTR) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.59 billion. Ventas had a return on equity of 2.09% and a net margin of 4.25%.Ventas’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, research analysts forecast that Ventas, Inc. will post 3.88 EPS for the current fiscal year.

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. Ventas’s dividend payout ratio (DPR) is currently 378.18%.

Ventas Company Profile

Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.

Ventas’ business model combines property ownership with active asset management and capital markets activity.