UniSuper Management Pty Ltd lowered its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,092 shares of the real estate investment trust’s stock after selling 1,245 shares during the period. UniSuper Management Pty Ltd’s holdings in Ventas were worth $11,077,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in VTR. Nuveen LLC acquired a new position in shares of Ventas during the first quarter valued at about $359,113,000. JPMorgan Chase & Co. raised its holdings in shares of Ventas by 9.5% during the first quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock valued at $2,224,203,000 after purchasing an additional 2,811,241 shares during the period. Vanguard Group Inc. raised its holdings in shares of Ventas by 3.7% during the first quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust’s stock valued at $4,740,422,000 after purchasing an additional 2,440,551 shares during the period. Rush Island Management LP raised its holdings in shares of Ventas by 130.6% during the fourth quarter. Rush Island Management LP now owns 3,097,830 shares of the real estate investment trust’s stock valued at $182,431,000 after purchasing an additional 1,754,494 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Ventas by 289.6% during the first quarter. AQR Capital Management LLC now owns 1,603,300 shares of the real estate investment trust’s stock valued at $110,243,000 after purchasing an additional 1,191,773 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.
Ventas Trading Up 0.2%
NYSE:VTR opened at $67.88 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $30.85 billion, a price-to-earnings ratio of 157.87, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $71.36. The firm has a 50-day moving average price of $66.59 and a two-hundred day moving average price of $66.26.
Analysts Set New Price Targets
Several brokerages have recently weighed in on VTR. Scotiabank upped their price objective on shares of Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. 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 report on Friday, August 15th. Wall Street Zen lowered shares of Ventas from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Raymond James Financial restated an “outperform” rating and issued a $78.00 target price (up previously from $74.00) on shares of Ventas in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.36.
View Our Latest Report on Ventas
Insider Activity
In other Ventas news, CFO Robert F. Probst sold 29,691 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at approximately $11,531,250.36. This trade represents a 14.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction dated 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 owned 1,145,695 shares of the company’s stock, valued at approximately $77,678,121. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,788 shares of company stock valued at $18,279,081. Company insiders own 1.00% of the company’s stock.
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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