Ventas, Inc. (NYSE:VTR) Short Interest Update

Ventas, Inc. (NYSE:VTR) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 4,432,400 shares, a decline of 14.1% from the May 15th total of 5,157,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,270,000 shares, the short-interest ratio is presently 2.0 days.

Several research analysts have commented on VTR shares. Royal Bank of Canada dropped their price objective on shares of from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating for the company in a report on Thursday, June 20th. BMO Capital Markets reissued a “market perform” rating and issued a $73.00 price objective on shares of Ventas in a research report on Wednesday, June 19th. Bank of America set a $300.00 price objective on shares of IDEXX Laboratories and gave the stock a “buy” rating in a research report on Friday, June 21st. Raymond James set a C$13.50 price objective on shares of Secure Energy Services and gave the stock a “strong-buy” rating in a research report on Tuesday, April 30th. Finally, Mitsubishi UFJ Financial Group raised their target price on shares of Ventas to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Ventas has an average rating of “Hold” and an average target price of $65.12.

Shares of NYSE:VTR traded down $1.98 on Friday, hitting $66.92. 1,958,151 shares of the company were exchanged, compared to its average volume of 2,277,799. Ventas has a 1-year low of $51.80 and a 1-year high of $73.74. The stock has a 50 day moving average price of $67.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 4.37 and a beta of 0.28.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The business had revenue of $942.80 million during the quarter, compared to the consensus estimate of $908.61 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Ventas will post 3.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were issued a dividend of $0.7925 per share. The ex-dividend date was Friday, June 28th. This represents a $3.17 annualized dividend and a dividend yield of 4.74%. Ventas’s dividend payout ratio (DPR) is presently 77.89%.

In other news, Chairman Debra A. Cafaro sold 68,084 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.54, for a total value of $4,530,309.36. Following the completion of the sale, the chairman now directly owns 805,835 shares in the company, valued at approximately $53,620,260.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP T Richard Riney sold 29,702 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the completion of the transaction, the executive vice president now directly owns 163,488 shares of the company’s stock, valued at approximately $11,517,729.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,866 shares of company stock valued at $11,323,058. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Ventas by 0.4% in the first quarter. BlackRock Inc. now owns 36,891,328 shares of the real estate investment trust’s stock valued at $2,354,034,000 after buying an additional 158,707 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Ventas by 397.7% in the first quarter. Centersquare Investment Management LLC now owns 19,394,456 shares of the real estate investment trust’s stock valued at $333,092,000 after buying an additional 15,497,390 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Ventas by 543.7% in the fourth quarter. Cohen & Steers Inc. now owns 10,509,102 shares of the real estate investment trust’s stock valued at $615,728,000 after buying an additional 8,876,600 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Ventas by 0.3% in the first quarter. Federated Investors Inc. PA now owns 6,320,554 shares of the real estate investment trust’s stock valued at $403,315,000 after buying an additional 17,658 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Ventas by 0.3% in the first quarter. Northern Trust Corp now owns 6,068,696 shares of the real estate investment trust’s stock valued at $387,243,000 after buying an additional 16,774 shares in the last quarter. 87.10% of the stock is owned by hedge funds and other institutional investors.

About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

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