Pensionfund PDN purchased a new stake in Ventas, Inc. (NYSE:VTR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,679 shares of the real estate investment trust’s stock, valued at approximately $4,773,000. Ventas comprises 3.1% of Pensionfund PDN’s investment portfolio, making the stock its 9th biggest holding.
Several other large investors have also made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in Ventas during the 3rd quarter valued at approximately $25,000. GoalVest Advisory LLC bought a new stake in shares of Ventas in the fourth quarter valued at approximately $26,000. Wiser Advisor Group LLC bought a new stake in shares of Ventas in the third quarter valued at approximately $27,000. True Wealth Design LLC grew its stake in shares of Ventas by 1,557.7% in the third quarter. True Wealth Design LLC now owns 431 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 405 shares during the last quarter. Finally, ORG Partners LLC increased its position in Ventas by 76.1% during the third quarter. ORG Partners LLC now owns 456 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.
Ventas Price Performance
Shares of VTR stock opened at $81.82 on Tuesday. The stock’s fifty day simple moving average is $82.64 and its 200 day simple moving average is $77.19. Ventas, Inc. has a one year low of $60.15 and a one year high of $88.36. The firm has a market cap of $38.86 billion, a price-to-earnings ratio of 151.51, a P/E/G ratio of 2.04 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.67 and a quick ratio of 0.67.
Ventas Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. This is a boost from Ventas’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, March 31st. Ventas’s dividend payout ratio (DPR) is presently 355.56%.
Insiders Place Their Bets
In other news, EVP Carey S. Roberts sold 35,532 shares of Ventas stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $85.00, for a total value of $3,020,220.00. Following the completion of the transaction, the executive vice president owned 72,755 shares in the company, valued at approximately $6,184,175. The trade was a 32.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $77.66, for a total value of $801,606.52. Following the completion of the transaction, the chief executive officer directly owned 1,114,034 shares in the company, valued at $86,515,880.44. The trade was a 0.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 86,106 shares of company stock valued at $6,931,397. 1.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
VTR has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Ventas from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group restated a “buy” rating and set a $93.00 price objective on shares of Ventas in a report on Monday, December 15th. Mizuho upped their price objective on shares of Ventas from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Citigroup increased their target price on shares of Ventas from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $90.00 target price on Ventas in a research report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.13.
Read Our Latest Stock Report on Ventas
About Ventas
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
Further Reading
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