Thomasville National Bank lifted its position in shares of Ventas, Inc. (NYSE:VTR) by 14.0% during the first quarter, Holdings Channel reports. The institutional investor owned 28,240 shares of the real estate investment trust’s stock after purchasing an additional 3,469 shares during the period. Thomasville National Bank’s holdings in Ventas were worth $757,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Ventas by 10.0% in the 4th quarter. Assetmark Inc. now owns 2,362 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 214 shares in the last quarter. Lincoln National Corp raised its position in shares of Ventas by 3.7% during the 4th quarter. Lincoln National Corp now owns 8,077 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 291 shares in the last quarter. Signaturefd LLC raised its position in shares of Ventas by 11.2% during the 4th quarter. Signaturefd LLC now owns 2,915 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 294 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Ventas by 2.9% during the 4th quarter. Penserra Capital Management LLC now owns 12,888 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 362 shares in the last quarter. Finally, JustInvest LLC grew its holdings in Ventas by 7.1% during the 4th quarter. JustInvest LLC now owns 5,933 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 395 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.
Shares of NYSE VTR opened at $54.77 on Thursday. The company’s 50-day simple moving average is $54.34 and its 200-day simple moving average is $48.43. Ventas, Inc. has a 52-week low of $25.38 and a 52-week high of $58.10. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 4.34 and a beta of 1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 14th. Stockholders of record on Thursday, April 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, March 31st. Ventas’s dividend payout ratio is currently 46.75%.
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets downgraded shares of Ventas from a “market perform” rating to an “underperform” rating and set a $49.00 price objective on the stock. in a research note on Thursday, January 7th. Smith Barney Citigroup increased their price objective on shares of Ventas from $35.00 to $50.00 in a research note on Tuesday, December 15th. Royal Bank of Canada increased their price objective on shares of Ventas from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, March 2nd. Robert W. Baird assumed coverage on shares of Ventas in a research note on Tuesday, January 5th. They set a “neutral” rating and a $49.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Ventas from $52.00 to $58.00 and gave the company an “equal weight” rating in a research report on Monday, March 22nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.16.
In other Ventas news, CAO Gregory R. Liebbe sold 3,700 shares of Ventas stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $54.04, for a total transaction of $199,948.00. Also, CEO Debra A. Cafaro sold 18,076 shares of Ventas stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $53.33, for a total transaction of $963,993.08. Following the sale, the chief executive officer now owns 759,352 shares of the company’s stock, valued at $40,496,242.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,086 shares of company stock worth $3,073,810. Insiders own 1.16% of the company’s stock.
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.
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