Caitong International Asset Management Co. Ltd lifted its position in Ventas, Inc. (NYSE:VTR – Free Report) by 13,677.8% in the second quarter, Holdings Channel reports. The firm owned 1,240 shares of the real estate investment trust’s stock after buying an additional 1,231 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Ventas were worth $78,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Ventas in the first quarter valued at approximately $25,000. Larson Financial Group LLC raised its stake in Ventas by 1,334.6% in the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 347 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Ventas in the second quarter worth approximately $33,000. Rossby Financial LCC bought a new position in Ventas in the first quarter worth approximately $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Ventas in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Ventas Stock Performance
Shares of VTR stock opened at $70.38 on Friday. The business’s fifty day simple moving average is $68.66 and its 200-day simple moving average is $66.56. The company has a market cap of $31.99 billion, a PE ratio of 163.68, a PEG ratio of 2.37 and a beta of 0.89. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a 12-month low of $56.68 and a 12-month high of $72.02.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Ventas’s dividend payout ratio is presently 446.51%.
Insider Activity at Ventas
In related news, CEO Peter J. Bulgarelli sold 2,554 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total value of $179,444.04. Following the transaction, the chief executive officer directly owned 116,488 shares of the company’s stock, valued at $8,184,446.88. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert F. Probst sold 29,691 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the transaction, the chief financial officer directly owned 168,364 shares in the company, valued at approximately $11,531,250.36. The trade was a 14.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,072 shares of company stock valued at $20,427,497 in the last ninety days. Company insiders own 0.80% of the company’s stock.
Analyst Ratings Changes
VTR has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Ventas in a research note on Friday, September 19th. They issued a “neutral” rating and a $73.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Ventas from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $78.00 price target (up from $74.00) on shares of Ventas in a research report on Friday, August 22nd. Argus reaffirmed a “buy” rating and set a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald assumed coverage on Ventas in a research report on Wednesday, October 1st. They set an “overweight” rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.46.
Check Out Our Latest Analysis on VTR
Ventas Profile
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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