Charles Schwab Investment Management Inc. raised its position in Ventas, Inc. (NYSE:VTR - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,904,078 shares of the real estate investment trust's stock after acquiring an additional 231,352 shares during the period. Charles Schwab Investment Management Inc. owned about 1.17% of Ventas worth $314,499,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new position in shares of Ventas in the second quarter valued at $25,000. ORG Partners LLC acquired a new position in shares of Ventas in the 2nd quarter valued at $27,000. Global X Japan Co. Ltd. bought a new position in shares of Ventas during the 3rd quarter worth about $48,000. EdgeRock Capital LLC acquired a new stake in shares of Ventas during the 2nd quarter valued at about $41,000. Finally, Friedenthal Financial bought a new stake in Ventas in the second quarter valued at about $51,000. Institutional investors and hedge funds own 94.18% of the company's stock.
Wall Street Analyst Weigh In
VTR has been the topic of several analyst reports. Royal Bank of Canada upped their price objective on Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. StockNews.com upgraded shares of Ventas from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Evercore ISI upped their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Scotiabank boosted their target price on Ventas from $59.00 to $65.00 and gave the stock a "sector perform" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company raised Ventas from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.63.
Check Out Our Latest Analysis on Ventas
Ventas Price Performance
NYSE VTR traded down $0.75 during trading hours on Friday, hitting $63.55. The company's stock had a trading volume of 1,746,780 shares, compared to its average volume of 2,661,779. Ventas, Inc. has a twelve month low of $41.45 and a twelve month high of $67.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average of $64.11 and a 200 day moving average of $57.42.
Ventas Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas's dividend payout ratio (DPR) is currently -1,058.76%.
Insider Activity
In related news, CEO Debra A. Cafaro sold 6,827 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total transaction of $431,466.40. Following the completion of the transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $62,360,514.40. The trade was a 0.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,454 shares of company stock valued at $9,263,815 in the last ninety days. 1.00% of the stock is owned by insiders.
About Ventas
(
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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