National Bank of Canada FI grew its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,119 shares of the real estate investment trust's stock after purchasing an additional 24,780 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Ventas worth $13,539,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of VTR. ORG Partners LLC acquired a new position in shares of Ventas during the second quarter worth $27,000. Global X Japan Co. Ltd. purchased a new stake in shares of Ventas in the 3rd quarter valued at approximately $48,000. EdgeRock Capital LLC purchased a new stake in Ventas in the 2nd quarter worth about $41,000. Morse Asset Management Inc acquired a new position in shares of Ventas in the 3rd quarter valued at about $64,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Ventas in the third quarter worth approximately $74,000. 94.18% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VTR has been the subject of several research reports. Mizuho reduced their price objective on Ventas from $71.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. 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. Scotiabank lifted their price objective on Ventas from $59.00 to $65.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Ventas from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Wedbush reissued an "outperform" rating and set a $75.00 target price on shares of Ventas in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ventas presently has an average rating of "Moderate Buy" and an average target price of $65.63.
Get Our Latest Analysis on Ventas
Insider Buying and Selling at Ventas
In other Ventas news, CEO Debra A. Cafaro sold 6,004 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $66.11, for a total transaction of $396,924.44. Following the sale, the chief executive officer now directly owns 986,717 shares of the company's stock, valued at $65,231,860.87. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.
Ventas Stock Down 0.7 %
NYSE VTR traded down $0.43 during trading hours on Wednesday, reaching $60.72. 2,276,012 shares of the company's stock traded hands, compared to its average volume of 2,409,449. 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 firm has a market cap of $25.47 billion, a PE ratio of -354.65, a PEG ratio of 2.86 and a beta of 1.36. The firm has a 50-day simple moving average of $63.86 and a 200 day simple moving average of $58.81. Ventas, Inc. has a 52-week low of $41.45 and a 52-week high of $67.61.
Ventas Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.96%. Ventas's dividend payout ratio (DPR) is presently -1,058.82%.
Ventas Company Profile
(
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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