Harvest Fund Management Co. Ltd lifted its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 667.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,348 shares of the real estate investment trust's stock after buying an additional 12,479 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Ventas were worth $920,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. First Community Trust NA acquired a new position in Ventas in the 2nd quarter valued at $25,000. ORG Partners LLC acquired a new position in Ventas in the second quarter valued at $27,000. EdgeRock Capital LLC acquired a new position in Ventas in the second quarter valued at $41,000. Global X Japan Co. Ltd. purchased a new position in Ventas during the third quarter worth about $48,000. Finally, Friedenthal Financial acquired a new stake in Ventas in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 94.18% of the company's stock.
Insiders Place Their Bets
In related news, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $65,291,063.89. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 90,795 shares of the company's stock, valued at approximately $5,900,767.05. This 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 140,079 shares of company stock worth $9,241,311 in the last 90 days. 1.00% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on VTR shares. Royal Bank of Canada increased their price objective on shares of Ventas from $52.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Wolfe Research raised shares of Ventas to a "strong-buy" 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 report on Friday, November 1st. Wedbush upped their price objective on Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, Scotiabank lifted their target price on Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Two equities 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 stock. According to data from MarketBeat, Ventas has a consensus rating of "Moderate Buy" and a consensus target price of $63.63.
Get Our Latest Stock Analysis on Ventas
Ventas Stock Up 1.7 %
NYSE:VTR traded up $1.05 during mid-day trading on Tuesday, hitting $64.25. The company had a trading volume of 3,710,783 shares, compared to its average volume of 2,415,261. Ventas, Inc. has a 1 year low of $41.45 and a 1 year high of $67.61. The business has a fifty day simple moving average of $64.08 and a 200-day simple moving average of $57.79. 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 firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of -377.94, a PEG ratio of 2.94 and a beta of 1.36.
Ventas Dividend Announcement
The business also recently declared 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 annualized dividend and a yield of 2.80%. The ex-dividend date was Tuesday, October 1st. Ventas's dividend payout ratio (DPR) is presently -1,058.82%.
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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