Peapack Gladstone Financial Corp Sells 1,062 Shares of Ventas, Inc. (NYSE:VTR)

Peapack Gladstone Financial Corp cut its holdings in Ventas, Inc. (NYSE:VTR) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,337 shares of the real estate investment trust’s stock after selling 1,062 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Ventas were worth $1,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VTR. ORG Partners LLC acquired a new stake in shares of Ventas during the second quarter worth $27,000. Blue Trust Inc. increased its stake in shares of Ventas by 117.0% in the 2nd quarter. Blue Trust Inc. now owns 2,905 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,566 shares during the last quarter. Dakota Wealth Management increased its stake in shares of Ventas by 1.0% in the 2nd quarter. Dakota Wealth Management now owns 33,717 shares of the real estate investment trust’s stock valued at $1,728,000 after acquiring an additional 322 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Ventas in the 2nd quarter valued at approximately $196,000. Finally, Lecap Asset Management Ltd. boosted its stake in Ventas by 40.6% during the 2nd quarter. Lecap Asset Management Ltd. now owns 19,392 shares of the real estate investment trust’s stock worth $994,000 after acquiring an additional 5,601 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Insider Activity

In related news, CEO Debra A. Cafaro sold 121,248 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Ventas Stock Down 0.2 %

NYSE:VTR opened at $59.91 on Monday. The stock has a 50-day simple moving average of $63.71 and a 200 day simple moving average of $59.08. Ventas, Inc. has a 52-week low of $41.45 and a 52-week high of $67.61. The company has a market cap of $25.13 billion, a PE ratio of -352.41, a PEG ratio of 2.78 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 3.00%. Ventas’s dividend payout ratio is currently -1,058.82%.

Analyst Ratings Changes

VTR has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Ventas in a research note on Tuesday, December 3rd. Evercore ISI raised their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank lifted their target price on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Finally, StockNews.com cut Ventas from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.63.

About Ventas

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.