E. Ohman J or Asset Management AB Trims Holdings in Ventas, Inc. (NYSE:VTR)

E. Ohman J or Asset Management AB lowered its position in Ventas, Inc. (NYSE:VTR) by 14.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,890 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in Ventas were worth $1,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. First Community Trust NA purchased a new stake in shares of Ventas in the 2nd quarter valued at $25,000. ORG Partners LLC purchased a new stake in Ventas in the second quarter valued at $27,000. EdgeRock Capital LLC purchased a new stake in Ventas in the second quarter valued at $41,000. Global X Japan Co. Ltd. acquired a new stake in Ventas during the 3rd quarter worth about $48,000. Finally, Friedenthal Financial purchased a new position in shares of Ventas during the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

Ventas Stock Down 1.5 %

VTR stock opened at $64.97 on Friday. Ventas, Inc. has a 52 week low of $40.98 and a 52 week high of $66.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. The firm has a 50-day simple moving average of $63.06 and a 200-day simple moving average of $54.54. The stock has a market capitalization of $26.84 billion, a P/E ratio of -162.42, a P/E/G ratio of 2.87 and a beta of 1.36.

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). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. Ventas’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Equities analysts forecast 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 was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.77%. Ventas’s payout ratio is currently -449.99%.

Insiders Place Their Bets

In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now directly owns 104,295 shares of the company’s stock, valued at approximately $5,761,255.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction that occurred 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 owns 986,717 shares in the company, valued at approximately $56,529,016.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,065 shares of company stock valued at $4,526,464 in the last 90 days. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

VTR has been the topic of several analyst reports. Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Scotiabank boosted their target price on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wedbush increased their price target on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.63.

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.