Cornerstone Advisors LLC Sells 3,200 Shares of Ventas, Inc. (NYSE:VTR)

Cornerstone Advisors LLC decreased its holdings in shares of Ventas, Inc. (NYSE:VTR) by 20.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,600 shares of the real estate investment trust’s stock after selling 3,200 shares during the period. Cornerstone Advisors LLC’s holdings in Ventas were worth $628,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VTR. Bruce G. Allen Investments LLC bought a new stake in Ventas during the 4th quarter valued at $25,000. Manchester Capital Management LLC raised its holdings in Ventas by 77.9% in the fourth quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of Ventas by 82.7% in the 4th quarter. Gradient Investments LLC now owns 718 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 325 shares in the last quarter. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Ventas in the 4th quarter worth approximately $38,000. Finally, Jones Financial Companies Lllp lifted its position in Ventas by 151.1% during the third quarter. Jones Financial Companies Lllp now owns 796 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 479 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

Insider Buying and Selling at Ventas

In other news, Director Walter C. Rakowich sold 2,145 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $48.40, for a total value of $103,818.00. Following the sale, the director now directly owns 26,031 shares of the company’s stock, valued at approximately $1,259,900.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ventas news, CAO Gregory R. Liebbe sold 14,625 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $47.70, for a total transaction of $697,612.50. Following the transaction, the chief accounting officer now owns 12,524 shares in the company, valued at approximately $597,394.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter C. Rakowich sold 2,145 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the sale, the director now owns 26,031 shares in the company, valued at approximately $1,259,900.40. The disclosure for this sale can be found here. Insiders have sold 35,270 shares of company stock worth $1,672,966 in the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VTR has been the subject of a number of recent analyst reports. Evercore ISI raised Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, March 18th. StockNews.com cut Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Scotiabank increased their price target on shares of Ventas from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ventas in a report on Tuesday, January 30th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $46.00 price objective (down from $52.00) on shares of Ventas in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.23.

Ventas Stock Performance

NYSE VTR opened at $48.36 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.63 and a quick ratio of 0.63. Ventas, Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $50.99. The stock’s fifty day moving average is $44.46 and its two-hundred day moving average is $45.65.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Monday, July 1st will be issued a $0.45 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.80 annualized dividend and a yield of 3.72%. Ventas’s payout ratio is -947.32%.

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.