Pallas Capital Advisors LLC Has $8.74 Million Stock Position in Ventas, Inc. (NYSE:VTR)

Pallas Capital Advisors LLC lowered its stake in Ventas, Inc. (NYSE:VTR) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,514 shares of the real estate investment trust’s stock after selling 8,978 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Ventas were worth $8,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VTR. Massachusetts Financial Services Co. MA acquired a new stake in shares of Ventas in the second quarter valued at about $135,425,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Ventas in the second quarter valued at about $73,517,000. Centersquare Investment Management LLC increased its position 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 valued at $345,667,000 after acquiring an additional 802,546 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Ventas by 217.4% in the second quarter. Zurich Insurance Group Ltd FI now owns 856,525 shares of the real estate investment trust’s stock valued at $43,905,000 after acquiring an additional 586,676 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Ventas by 1,247.7% during the second quarter. Mackenzie Financial Corp now owns 496,531 shares of the real estate investment trust’s stock worth $25,452,000 after buying an additional 459,689 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Ventas Trading Down 0.4 %

Shares of VTR stock opened at $64.74 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a market cap of $26.75 billion, a P/E ratio of -161.85, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36. The stock has a 50 day simple moving average of $63.18 and a 200 day simple moving average of $54.85. Ventas, Inc. has a 1 year low of $40.98 and a 1 year high of $66.22.

Ventas (NYSE:VTR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share 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 quarter in the previous year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Ventas, Inc. will post 3.18 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.78%. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VTR shares. Royal Bank of Canada boosted their price target on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wedbush boosted their price target on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. StockNews.com cut Ventas from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Finally, Evercore ISI boosted their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ventas currently has an average rating of “Moderate Buy” and an average target price of $63.63.

Insider Transactions at Ventas

In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the completion of the transaction, the chief executive officer now directly owns 104,295 shares in the company, valued at approximately $5,761,255.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Debra A. Cafaro sold 40,079 shares of the 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 completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction on Thursday, August 1st. The shares were 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 owns 104,295 shares of the company’s stock, valued at $5,761,255.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,069 shares of company stock worth $4,923,389. 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.