Tandem Capital Management Corp ADV grew its position in Ventas, Inc. (NYSE:VTR - Free Report) by 62.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,730 shares of the real estate investment trust's stock after acquiring an additional 10,620 shares during the quarter. Tandem Capital Management Corp ADV's holdings in Ventas were worth $1,778,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Ventas by 405.5% in the 4th quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust's stock worth $8,532,000 after buying an additional 137,327 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ventas by 54.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,680 shares of the real estate investment trust's stock worth $987,000 after buying an additional 7,979 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Ventas by 21.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,163 shares of the real estate investment trust's stock worth $268,000 after buying an additional 1,108 shares in the last quarter. Roberts Wealth Advisors LLC acquired a new position in shares of Ventas in the 1st quarter worth approximately $2,930,000. Finally, AlphaMark Advisors LLC acquired a new stake in Ventas during the 1st quarter valued at $87,000. Institutional investors own 94.18% of the company's stock.
Insiders Place Their Bets
In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of Ventas stock in a transaction dated 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 in the company, valued at approximately $5,900,767.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the sale, the chief executive officer now owns 986,717 shares of the company's stock, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of Ventas stock in a transaction dated 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 sale, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,065 shares of company stock worth $4,526,464. Corporate insiders own 1.00% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on VTR shares. Wedbush raised their price target on Ventas from $64.00 to $71.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Evercore ISI raised their price target on Ventas from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Wolfe Research raised Ventas to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank lifted their target price on Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company raised Ventas from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $61.00 to $71.00 in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.63.
Get Our Latest Research Report on VTR
Ventas Trading Down 1.5 %
Shares of NYSE:VTR traded down $0.99 during midday trading on Friday, hitting $64.97. The company had a trading volume of 1,648,474 shares, compared to its average volume of 2,379,596. Ventas, Inc. has a 12 month low of $40.98 and a 12 month high of $66.22. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of -163.05, a PEG ratio of 2.87 and a beta of 1.36. The firm has a fifty day simple moving average of $62.93 and a 200 day simple moving average of $54.39.
Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Ventas, Inc. will post 3.18 EPS for the current year.
Ventas Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 2.77%. Ventas's dividend payout ratio is presently -449.99%.
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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