Andra AP fonden grew its position in Ventas, Inc. (NYSE:VTR – Free Report) by 11.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 344,000 shares of the real estate investment trust’s stock after purchasing an additional 34,500 shares during the period. Andra AP fonden’s holdings in Ventas were worth $21,724,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in Ventas by 1,334.6% in the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 347 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Ventas during the 2nd quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of Ventas during the 1st quarter worth approximately $41,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ventas during the 1st quarter worth approximately $41,000. Finally, Private Trust Co. NA grew its holdings in Ventas by 175.2% during the 1st quarter. Private Trust Co. NA now owns 622 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 396 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.
Ventas Stock Up 0.2%
NYSE:VTR opened at $75.05 on Thursday. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $75.62. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 144.33, a PEG ratio of 2.36 and a beta of 0.88. The stock has a 50-day moving average price of $69.44 and a two-hundred day moving average price of $66.92.
Ventas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 30th. Ventas’s dividend payout ratio is 369.23%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Cantor Fitzgerald lifted their target price on shares of Ventas from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Raymond James Financial reiterated an “outperform” rating and issued a $78.00 price objective (up previously from $74.00) on shares of Ventas in a report on Friday, August 22nd. Argus restated a “buy” rating and set a $75.00 target price on shares of Ventas in a research report on Tuesday, August 26th. Finally, Morgan Stanley lifted their price objective on shares of Ventas from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.08.
Get Our Latest Report on Ventas
Insider Activity at Ventas
In related news, CEO Peter J. Bulgarelli sold 2,554 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $70.26, for a total value of $179,444.04. Following the completion of the transaction, the chief executive officer directly owned 116,488 shares of the company’s stock, valued at approximately $8,184,446.88. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 317,258 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $74.24, for a total transaction of $23,553,233.92. Following the completion of the transaction, the chief executive officer directly owned 1,145,695 shares of the company’s stock, valued at approximately $85,056,396.80. The trade was a 21.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 583,061 shares of company stock valued at $42,509,302 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
About Ventas
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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