Impax Asset Management Group plc raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 160.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,814 shares of the real estate investment trust's stock after buying an additional 26,994 shares during the period. Impax Asset Management Group plc's holdings in Ventas were worth $2,810,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Ventas by 12.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,881 shares of the real estate investment trust's stock worth $826,000 after buying an additional 1,381 shares during the period. Metis Global Partners LLC grew its holdings in Ventas by 14.0% during the 3rd quarter. Metis Global Partners LLC now owns 59,966 shares of the real estate investment trust's stock worth $3,846,000 after acquiring an additional 7,377 shares in the last quarter. Huntington National Bank increased its position in shares of Ventas by 38.6% in the 3rd quarter. Huntington National Bank now owns 1,563 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 435 shares during the last quarter. KBC Group NV raised its holdings in shares of Ventas by 341.4% in the 3rd quarter. KBC Group NV now owns 570,112 shares of the real estate investment trust's stock valued at $36,561,000 after purchasing an additional 440,966 shares in the last quarter. Finally, Kovack Advisors Inc. purchased a new stake in shares of Ventas during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 94.18% of the company's stock.
Analyst Upgrades and Downgrades
VTR has been the topic of a number of research analyst reports. Wolfe Research raised shares of Ventas to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank upped their target price on Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Evercore ISI raised their price target on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wedbush boosted their price objective on Ventas from $64.00 to $71.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.63.
Get Our Latest Research Report on VTR
Insider Buying and Selling
In other Ventas news, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction that occurred on 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 owns 986,717 shares of the company's stock, valued at approximately $65,291,063.89. The trade was a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction that occurred on 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 directly owns 90,795 shares of the company's stock, 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 140,454 shares of company stock valued at $9,263,815 over the last ninety days. Corporate insiders own 1.00% of the company's stock.
Ventas Stock Performance
Shares of VTR stock traded up $0.10 during midday trading on Friday, hitting $63.60. The company had a trading volume of 3,193,726 shares, compared to its average volume of 2,497,511. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of -374.10, a PEG ratio of 2.94 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. The company's 50 day simple moving average is $64.20 and its 200 day simple moving average is $56.87. Ventas, Inc. has a 52-week low of $41.45 and a 52-week high of $67.61.
Ventas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.83%. Ventas's dividend payout ratio (DPR) is -1,058.76%.
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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