Point72 Asset Management L.P. Cuts Stock Position in Ventas, Inc. (NYSE:VTR)

Point72 Asset Management L.P. lowered its stake in Ventas, Inc. (NYSE:VTR) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,405 shares of the real estate investment trust’s stock after selling 24,406 shares during the period. Point72 Asset Management L.P.’s holdings in Ventas were worth $8,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Friedenthal Financial grew its stake in shares of Ventas by 1,183.7% in the 3rd quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 11,778 shares during the last quarter. Tandem Capital Management Corp ADV grew its stake in shares of Ventas by 62.1% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock worth $1,778,000 after buying an additional 10,620 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Ventas in the 3rd quarter worth approximately $544,000. Cetera Investment Advisers boosted its stake in Ventas by 480.0% during 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 during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Ventas by 7.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 332,300 shares of the real estate investment trust’s stock valued at $21,310,000 after purchasing an additional 24,300 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Price Performance

Shares of Ventas stock opened at $61.65 on Friday. Ventas, Inc. has a one year low of $41.45 and a one year high of $67.61. The stock’s fifty day moving average is $63.98 and its 200 day moving average is $58.54. The stock has a market cap of $25.86 billion, a P/E ratio of -362.63, a P/E/G ratio of 2.88 and a beta of 1.36. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were issued 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 yield of 2.92%. Ventas’s dividend payout ratio is currently -1,058.76%.

Wall Street Analysts Forecast Growth

Several analysts have commented on VTR shares. Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of Ventas in a research note on Tuesday, December 3rd. Scotiabank increased 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. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Evercore ISI increased 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. Finally, Mizuho lowered their price target on Ventas from $71.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ventas currently has a consensus rating of “Moderate Buy” and an average target price of $65.63.

Insider Buying and Selling

In related news, CEO Debra A. Cafaro sold 121,248 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at approximately $65,291,063.89. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now directly owns 90,795 shares in the company, valued at approximately $5,900,767.05. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,252 shares of company stock valued at $8,809,845. 1.00% of the stock is owned by company insiders.

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.