Caitong International Asset Management Co. Ltd lifted its position in Ventas, Inc. (NYSE:VTR – Free Report) by 13,677.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,240 shares of the real estate investment trust’s stock after purchasing an additional 1,231 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Ventas were worth $78,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Ventas in the first quarter worth about $25,000. Larson Financial Group LLC increased its holdings in shares of 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 last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Ventas in the second quarter worth about $33,000. Rossby Financial LCC bought a new stake in shares of Ventas in the first quarter worth about $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ventas in the first quarter worth about $41,000. 94.18% of the stock is owned by institutional investors.
Ventas Stock Up 0.6%
Shares of NYSE:VTR opened at $70.38 on Friday. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $72.02. The business has a 50 day simple moving average of $68.66 and a two-hundred day simple moving average of $66.56. The firm has a market capitalization of $31.99 billion, a PE ratio of 163.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68.
Ventas Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 30th. Ventas’s payout ratio is 446.51%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Ventas in a report on Friday, September 19th. They issued a “neutral” rating and a $73.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Scotiabank boosted their price objective on Ventas from $72.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their price objective on Ventas from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Raymond James Financial reissued an “outperform” rating and set a $78.00 price objective (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.46.
Get Our Latest Analysis on VTR
Insider Buying and Selling at Ventas
In other Ventas news, CEO Debra A. Cafaro sold 219,515 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $71.32, for a total transaction of $15,655,809.80. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares in the company, valued at $81,710,967.40. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter J. Bulgarelli sold 2,554 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 116,488 shares of the company’s stock, valued at $8,184,446.88. This trade represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 289,072 shares of company stock worth $20,427,497 over the last 90 days. Company insiders own 0.80% 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.
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