Rush Island Management LP Reduces Stock Holdings in Ventas, Inc. (NYSE:VTR)

Rush Island Management LP lessened its holdings in Ventas, Inc. (NYSE:VTR) by 27.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343,336 shares of the real estate investment trust’s stock after selling 499,385 shares during the quarter. Ventas accounts for approximately 6.7% of Rush Island Management LP’s holdings, making the stock its 6th biggest holding. Rush Island Management LP owned approximately 0.32% of Ventas worth $86,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Ventas by 480.0% in the 1st quarter. Cetera Investment Advisers now owns 35,325 shares of the real estate investment trust’s stock valued at $1,538,000 after purchasing an additional 29,235 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Ventas by 47.4% in the 1st quarter. Cetera Advisors LLC now owns 8,347 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 2,686 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Ventas by 4.6% in the 2nd quarter. Park Avenue Securities LLC now owns 11,137 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 488 shares in the last quarter. CWM LLC boosted its stake in shares of Ventas by 4.9% in the 2nd quarter. CWM LLC now owns 7,821 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 367 shares in the last quarter. Finally, BDF Gestion acquired a new position in Ventas during the 2nd quarter worth about $3,716,000. Institutional investors own 94.18% of the company’s stock.

Insider Activity

In other news, CEO Debra A. Cafaro sold 6,004 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $66.11, for a total value of $396,924.44. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s 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 of the company’s stock, valued at approximately $5,900,767.05. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,252 shares of company stock valued at $8,809,845 in the last ninety days. 1.00% of the stock is owned by insiders.

Ventas Price Performance

Ventas stock opened at $62.13 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04. Ventas, Inc. has a 1 year low of $41.45 and a 1 year high of $67.61. The company’s 50-day moving average is $64.05 and its two-hundred day moving average is $58.36.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.90%. Ventas’s dividend payout ratio (DPR) is presently -1,058.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI upped their price target on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Ventas in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.13.

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.