Ensign Peak Advisors Inc increased its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 268,012 shares of the real estate investment trust’s stock after buying an additional 12,153 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ventas were worth $16,925,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ethic Inc. grew its stake in shares of Ventas by 27.9% in the 1st quarter. Ethic Inc. now owns 66,748 shares of the real estate investment trust’s stock valued at $4,624,000 after buying an additional 14,568 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in Ventas in the first quarter worth approximately $1,169,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Ventas by 25.7% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 376,973 shares of the real estate investment trust’s stock worth $25,921,000 after purchasing an additional 77,066 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Ventas by 1,042.6% during the 2nd quarter. Nordea Investment Management AB now owns 386,881 shares of the real estate investment trust’s stock valued at $24,064,000 after purchasing an additional 353,022 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership lifted its stake in shares of Ventas by 537.6% in the 1st quarter. Foresight Group Ltd Liability Partnership now owns 113,299 shares of the real estate investment trust’s stock valued at $7,787,000 after purchasing an additional 95,530 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Ventas Price Performance
Shares of NYSE:VTR opened at $79.25 on Friday. The company has a market cap of $37.23 billion, a price-to-earnings ratio of 152.41, a PEG ratio of 2.36 and a beta of 0.88. The business has a 50 day moving average price of $71.72 and a 200 day moving average price of $67.76. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a twelve month low of $56.68 and a twelve month high of $80.50.
Ventas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.4%. Ventas’s payout ratio is presently 369.23%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on VTR shares. JPMorgan Chase & Co. increased their target price on shares of Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Raymond James Financial reissued an “outperform” rating and set a $78.00 price objective (up previously from $74.00) on shares of Ventas in a report on Friday, August 22nd. Cantor Fitzgerald boosted their target price on Ventas from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Evercore ISI upped their target price on Ventas from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ventas in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ventas currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.
Read Our Latest Stock Analysis on Ventas
Insider Activity
In other Ventas news, CFO Robert F. Probst sold 33,591 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $76.77, for a total value of $2,578,781.07. Following the completion of the transaction, the chief financial officer owned 168,364 shares of the company’s stock, valued at $12,925,304.28. This represents a 16.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Peter J. Bulgarelli sold 3,924 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $75.00, for a total value of $294,300.00. Following the completion of the sale, the chief executive officer owned 112,564 shares of the company’s stock, valued at $8,442,300. This represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 698,912 shares of company stock valued at $51,454,499. Insiders own 0.80% of the company’s stock.
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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