Patton Fund Management Inc. bought a new stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 110,449 shares of the real estate investment trust's stock, valued at approximately $7,083,000. Ventas accounts for 1.5% of Patton Fund Management Inc.'s holdings, making the stock its 10th largest position.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Profund Advisors LLC raised its holdings in shares of Ventas by 3.3% during the 2nd quarter. Profund Advisors LLC now owns 6,270 shares of the real estate investment trust's stock valued at $321,000 after purchasing an additional 199 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Ventas by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 234 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Ventas by 1.1% during the 1st quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust's stock valued at $1,062,000 after acquiring an additional 258 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Ventas by 1.0% in the 2nd quarter. Dakota Wealth Management now owns 33,717 shares of the real estate investment trust's stock valued at $1,728,000 after acquiring an additional 322 shares in the last quarter. Finally, Czech National Bank lifted its holdings in Ventas by 0.5% in the 1st quarter. Czech National Bank now owns 70,799 shares of the real estate investment trust's stock worth $3,083,000 after purchasing an additional 325 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Price Performance
Shares of VTR stock traded down $0.31 during trading hours on Thursday, hitting $64.35. The company had a trading volume of 2,077,896 shares, compared to its average volume of 2,397,003. Ventas, Inc. has a 12 month low of $40.98 and a 12 month high of $65.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm's fifty day moving average is $62.16 and its 200 day moving average is $53.54. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of -161.67, a PEG ratio of 2.83 and a beta of 1.36.
Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.74). Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Ventas, Inc. will post 3.18 EPS for the current fiscal year.
Ventas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, October 1st. Ventas's payout ratio is -449.99%.
Insider Activity
In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of Ventas stock in a transaction 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 completion of the transaction, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the transaction, the chief financial officer now owns 156,403 shares of the company's stock, valued at approximately $9,207,444.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing 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 on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,065 shares of company stock worth $4,526,464. Insiders own 1.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Evercore ISI lifted their price target on shares of Ventas from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Wolfe Research raised Ventas to a "strong-buy" rating in a research report on Friday, August 9th. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a research report on Wednesday, July 10th. Wedbush boosted their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada upped their target price on shares of Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.63.
View Our Latest Analysis on VTR
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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