Advisors Management Group Inc. ADV trimmed its position in Ventas, Inc. (NYSE:VTR – Free Report) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 80,140 shares of the real estate investment trust’s stock after selling 330 shares during the quarter. Ventas comprises approximately 1.2% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 29th biggest holding. Advisors Management Group Inc. ADV’s holdings in Ventas were worth $5,139,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Ventas in the second quarter valued at $135,425,000. ANTIPODES PARTNERS Ltd bought a new stake in Ventas in the second quarter worth about $73,517,000. Centersquare Investment Management LLC lifted its holdings in Ventas by 11.5% in the 1st quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after acquiring an additional 802,546 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Ventas by 217.4% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 856,525 shares of the real estate investment trust’s stock valued at $43,905,000 after purchasing an additional 586,676 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Ventas by 1,247.7% in the 2nd quarter. Mackenzie Financial Corp now owns 496,531 shares of the real estate investment trust’s stock worth $25,452,000 after purchasing an additional 459,689 shares during the last quarter. 94.18% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on VTR. Evercore ISI raised their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Wedbush boosted their target price on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank increased their price target on Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada boosted their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.63.
Ventas Trading Down 1.9 %
Shares of NYSE:VTR opened at $63.22 on Thursday. Ventas, Inc. has a 12-month low of $41.45 and a 12-month high of $67.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $26.51 billion, a P/E ratio of -371.86, a price-to-earnings-growth ratio of 2.86 and a beta of 1.36. The firm has a fifty day moving average of $63.91 and a two-hundred day moving average of $55.86.
Ventas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.85%. Ventas’s dividend payout ratio (DPR) is currently -1,058.76%.
Insiders Place Their Bets
In other news, CEO Debra A. Cafaro sold 6,827 shares of Ventas stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $63.20, for a total transaction of $431,466.40. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $62,360,514.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total transaction of $431,466.40. Following the transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $62,360,514.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 6,004 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,454 shares of company stock valued at $9,263,815 in the last three months. Insiders own 1.00% of the company’s stock.
Ventas Company 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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