Quantbot Technologies LP purchased a new position in Ventas, Inc. (NYSE:VTR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 102,940 shares of the real estate investment trust's stock, valued at approximately $6,602,000.
A number of other hedge funds have also made changes to their positions in VTR. Bessemer Group Inc. lifted its position in shares of Ventas by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust's stock valued at $230,000 after acquiring an additional 234 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Ventas by 14.1% in the first quarter. Janus Henderson Group PLC now owns 92,117 shares of the real estate investment trust's stock worth $4,009,000 after buying an additional 11,406 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Ventas by 40.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,810 shares of the real estate investment trust's stock worth $375,000 after acquiring an additional 2,539 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Ventas by 359.9% in the 1st quarter. Tidal Investments LLC now owns 33,355 shares of the real estate investment trust's stock valued at $1,452,000 after purchasing an additional 26,102 shares during the last quarter. Finally, LBP AM SA acquired a new stake in shares of Ventas in the first quarter worth $6,401,000. Institutional investors and hedge funds own 94.18% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on VTR shares. Wells Fargo & Company raised shares of Ventas from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Scotiabank increased their target price on Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on Ventas from $52.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Finally, Wedbush raised their price objective on shares of Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $63.63.
Get Our Latest Research Report on Ventas
Ventas Price Performance
VTR traded up $1.05 during midday trading on Tuesday, reaching $64.25. 3,710,880 shares of the company's stock were exchanged, compared to its average volume of 2,415,261. Ventas, Inc. has a one year low of $41.45 and a one year high of $67.61. The firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of -371.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.36. The business has a 50-day simple moving average of $64.08 and a two-hundred day simple moving average of $57.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39.
Ventas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Tuesday, October 1st. Ventas's dividend payout ratio (DPR) is currently -1,058.82%.
Insider Activity
In other news, CEO Debra A. Cafaro sold 121,248 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $65,291,063.89. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now owns 90,795 shares of the company's stock, valued at approximately $5,900,767.05. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,079 shares of company stock worth $9,241,311. Insiders own 1.00% of the company's stock.
Ventas Profile
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Free Report)
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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