Knights of Columbus Asset Advisors LLC trimmed its holdings in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,616 shares of the real estate investment trust’s stock after selling 1,858 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Ventas were worth $2,249,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Ventas by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust’s stock worth $4,740,422,000 after buying an additional 2,440,551 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ventas by 9.5% during the 1st quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock worth $2,224,203,000 after buying an additional 2,811,241 shares in the last quarter. Resolution Capital Ltd lifted its holdings in Ventas by 10.5% during the 1st quarter. Resolution Capital Ltd now owns 7,889,848 shares of the real estate investment trust’s stock worth $542,506,000 after buying an additional 751,587 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ventas by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,414,404 shares of the real estate investment trust’s stock worth $441,056,000 after buying an additional 281,232 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Ventas by 3.1% during the 1st quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust’s stock worth $440,230,000 after buying an additional 194,860 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Ventas Stock Performance
VTR stock opened at $69.26 on Tuesday. The business’s fifty day moving average is $68.30 and its 200-day moving average is $66.38. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. The company has a market cap of $31.48 billion, a P/E ratio of 161.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.89. Ventas, Inc. has a twelve month low of $56.68 and a twelve month high of $71.36.
Ventas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Ventas’s dividend payout ratio is currently 446.51%.
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 sale, the chief executive officer owned 116,488 shares in the company, valued at $8,184,446.88. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $70.24, for a total transaction of $725,017.28. Following the completion of the sale, the chief executive officer owned 1,145,695 shares of the company’s stock, valued at approximately $80,473,616.80. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 292,110 shares of company stock worth $19,354,742 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Ventas in a report on Wednesday, October 1st. They set an “overweight” rating and a $77.00 price objective on the stock. Scotiabank upped their price objective on Ventas from $72.00 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Argus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Ventas in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ventas in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price objective on Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ventas currently has a consensus rating of “Moderate Buy” and an average target price of $75.23.
Get Our Latest Analysis 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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