ING Groep NV lessened its position in Ventas, Inc. (NYSE:VTR - Free Report) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,355 shares of the real estate investment trust's stock after selling 35,612 shares during the quarter. ING Groep NV owned 0.06% of Ventas worth $17,274,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. First Community Trust NA bought a new position in Ventas in the second quarter valued at $25,000. ORG Partners LLC bought a new position in shares of Ventas during the second quarter valued at about $27,000. EdgeRock Capital LLC bought a new position in shares of Ventas during the second quarter valued at about $41,000. Global X Japan Co. Ltd. bought a new position in shares of Ventas during the third quarter valued at about $48,000. Finally, Friedenthal Financial bought a new position in shares of Ventas during the second quarter valued at about $51,000. Institutional investors own 94.18% of the company's stock.
Ventas Stock Performance
Ventas stock traded up $0.10 during midday trading on Friday, reaching $63.60. 3,191,042 shares of the company traded hands, compared to its average volume of 2,409,642. The firm has a market capitalization of $26.67 billion, a price-to-earnings ratio of -372.63, a price-to-earnings-growth ratio of 2.98 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 business has a 50 day moving average of $64.19 and a two-hundred day moving average of $56.65. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61.
Ventas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Tuesday, October 1st. Ventas's payout ratio is -1,058.76%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VTR. Scotiabank raised their price objective 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 note on Friday, November 1st. Wolfe Research raised Ventas to a "strong-buy" rating in a research note on Friday, August 9th. Evercore ISI raised their target price on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Wedbush raised their target price on Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Two investment 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $63.63.
Get Our Latest Research Report on Ventas
Insider Buying and Selling at Ventas
In other news, CEO Debra A. Cafaro sold 6,827 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $62,360,514.40. This trade represents a 0.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares in the company, valued at $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 ninety days, insiders sold 140,454 shares of company stock valued at $9,263,815. Insiders own 1.00% of the company's stock.
Ventas Company 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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