Gold Investment Management Ltd. lowered its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 8.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 16,749 shares of the real estate investment trust’s stock after selling 1,643 shares during the period. Gold Investment Management Ltd.’s holdings in Ventas were worth $1,055,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Ventas during the 1st quarter valued at about $25,000. Larson Financial Group LLC increased its position in shares of Ventas by 1,334.6% during the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 347 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Ventas during the 1st quarter valued at about $34,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ventas during the 1st quarter valued at about $41,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Ventas during the 1st quarter valued at about $41,000. Institutional investors own 94.18% of the company’s stock.
Ventas Trading Up 0.6%
Ventas stock opened at $70.40 on Thursday. The firm has a 50 day moving average of $68.11 and a 200 day moving average of $66.36. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 163.71, a P/E/G ratio of 2.58 and a beta of 0.89. Ventas, Inc. has a 12-month low of $56.68 and a 12-month high of $71.36. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13.
Ventas Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Ventas’s dividend payout ratio (DPR) is 446.51%.
Analyst Upgrades and Downgrades
VTR has been the subject of several research reports. Morgan Stanley upped their price target 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. Evercore ISI upped their price target on shares of Ventas from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Scotiabank upped their price target on shares of Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. UBS Group initiated coverage on shares of Ventas in a research report on Friday, September 19th. They set a “neutral” rating and a $73.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.23.
View Our Latest Research Report on Ventas
Insider Buying and Selling at Ventas
In other Ventas news, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total transaction of $699,831.60. Following the completion of the sale, the chief executive officer directly owned 1,145,695 shares of the company’s stock, valued at $77,678,121. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter J. Bulgarelli sold 406 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $70.00, for a total transaction of $28,420.00. Following the sale, the chief executive officer directly owned 121,082 shares of the company’s stock, valued at approximately $8,475,740. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 277,194 shares of company stock valued at $18,307,501 in the last three months. 0.80% of the stock is currently owned by corporate insiders.
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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