Elo Mutual Pension Insurance Co boosted its stake in Ventas, Inc. (NYSE:VTR – Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,673 shares of the real estate investment trust’s stock after purchasing an additional 6,487 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ventas were worth $2,632,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its position in shares of Ventas by 0.6% in the first quarter. Mutual of America Capital Management LLC now owns 93,457 shares of the real estate investment trust’s stock worth $6,426,000 after buying an additional 575 shares during the period. Private Advisor Group LLC lifted its position in Ventas by 14.6% during the 1st quarter. Private Advisor Group LLC now owns 8,141 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 1,040 shares in the last quarter. HB Wealth Management LLC lifted its position in Ventas by 31.1% during the 1st quarter. HB Wealth Management LLC now owns 7,622 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 1,810 shares in the last quarter. TD Asset Management Inc boosted its holdings in Ventas by 3.1% in the 1st quarter. TD Asset Management Inc now owns 150,238 shares of the real estate investment trust’s stock worth $10,330,000 after acquiring an additional 4,518 shares during the period. Finally, Mackenzie Financial Corp grew its position in Ventas by 10.8% in the first quarter. Mackenzie Financial Corp now owns 555,525 shares of the real estate investment trust’s stock valued at $38,198,000 after acquiring an additional 54,164 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.
Ventas Price Performance
VTR opened at $80.11 on Thursday. The company has a market capitalization of $37.63 billion, a P/E ratio of 154.05, a PEG ratio of 2.36 and a beta of 0.88. The company has a 50-day moving average of $72.38 and a 200-day moving average of $68.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. Ventas, Inc. has a 1-year low of $56.68 and a 1-year high of $80.50.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were given a $0.48 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.4%. Ventas’s dividend payout ratio (DPR) is presently 369.23%.
Insider Activity
In related news, CEO Peter J. Bulgarelli sold 2,229 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $80.08, for a total transaction of $178,498.32. Following the sale, the chief executive officer directly owned 106,488 shares of the company’s stock, valued at approximately $8,527,559.04. This represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Debra A. Cafaro sold 41,294 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $79.01, for a total value of $3,262,638.94. Following the transaction, the chief executive officer owned 1,145,695 shares in the company, valued at $90,521,361.95. This trade represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 698,912 shares of company stock worth $51,454,499. 0.80% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
VTR has been the topic of a number of recent research reports. Scotiabank boosted their target price on shares of Ventas from $74.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Morgan Stanley upped their price objective on shares of Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. Citigroup raised their target price on Ventas from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Cantor Fitzgerald boosted their price target on Ventas from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.93.
View Our Latest Research Report on VTR
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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