Gilman Hill Asset Management LLC Acquires 462 Shares of Ventas, Inc. (NYSE:VTR)

by · The Cerbat Gem

Gilman Hill Asset Management LLC lifted its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,296 shares of the real estate investment trust’s stock after buying an additional 462 shares during the period. Gilman Hill Asset Management LLC’s holdings in Ventas were worth $6,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VTR. Franchise Capital Ltd acquired a new stake in Ventas during the 1st quarter worth about $32,000. Promus Capital LLC purchased a new stake in shares of Ventas during the 4th quarter worth approximately $38,000. SRS Capital Advisors Inc. increased its holdings in Ventas by 1,039.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 738 shares during the last quarter. Transce3nd LLC purchased a new position in shares of Ventas in the fourth quarter valued at $48,000. Finally, State of Wyoming grew its stake in Ventas by 32.5% during the fourth quarter. State of Wyoming now owns 975 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VTR shares. Morgan Stanley boosted their price objective on Ventas from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Argus set a $75.00 price target on shares of Ventas in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on Ventas from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Mizuho raised their target price on Ventas from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Wedbush lifted their price target on shares of Ventas from $69.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Ventas presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Read Our Latest Stock Analysis on Ventas

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 44,551 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $71.06, for a total value of $3,165,794.06. Following the transaction, the chief executive officer now directly owns 1,145,695 shares in the company, valued at $81,413,086.70. This represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter C. Rakowich sold 1,459 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total value of $93,025.84. Following the transaction, the director now directly owns 27,454 shares in the company, valued at $1,750,467.04. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,586 shares of company stock valued at $10,997,929. 0.80% of the stock is currently owned by insiders.

Ventas Price Performance

Ventas stock opened at $63.25 on Thursday. Ventas, Inc. has a one year low of $49.06 and a one year high of $71.36. The stock has a fifty day moving average of $66.07 and a 200 day moving average of $63.93. The stock has a market cap of $28.54 billion, a PE ratio of 332.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85.

Ventas (NYSE:VTR – Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Ventas had a net margin of 1.65% and a return on equity of 0.82%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. As a group, sell-side analysts predict that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, June 30th. Ventas’s dividend payout ratio is presently 581.82%.

About Ventas

(Free Report)

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.

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