NEOS Investment Management LLC boosted its position in Ventas, Inc. (NYSE:VTR – Free Report) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,401 shares of the real estate investment trust’s stock after buying an additional 4,973 shares during the period. NEOS Investment Management LLC’s holdings in Ventas were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UniSuper Management Pty Ltd boosted its holdings in shares of Ventas by 7.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 162,337 shares of the real estate investment trust’s stock valued at $9,560,000 after acquiring an additional 11,916 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in Ventas in the fourth quarter valued at $2,195,000. Elo Mutual Pension Insurance Co boosted its holdings in Ventas by 19.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 42,857 shares of the real estate investment trust’s stock valued at $2,524,000 after purchasing an additional 6,903 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ventas by 9.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 918,740 shares of the real estate investment trust’s stock worth $53,572,000 after purchasing an additional 79,557 shares during the period. Finally, Korea Investment CORP raised its stake in shares of Ventas by 40.0% during the 4th quarter. Korea Investment CORP now owns 272,702 shares of the real estate investment trust’s stock valued at $16,059,000 after buying an additional 77,890 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
Ventas Stock Performance
NYSE VTR opened at $68.74 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85. Ventas, Inc. has a 1-year low of $41.45 and a 1-year high of $71.04. The company has a market cap of $30.05 billion, a PE ratio of 361.81, a price-to-earnings-growth ratio of 2.59 and a beta of 1.37. The stock’s 50 day simple moving average is $64.99 and its 200-day simple moving average is $63.27.
Ventas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.79%. This is a positive change from Ventas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, March 31st. Ventas’s dividend payout ratio (DPR) is 1,010.53%.
Analysts Set New Price Targets
VTR has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Ventas from $71.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, March 7th. Robert W. Baird raised shares of Ventas from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $66.00 to $65.00 in a research note on Friday, January 17th. Wells Fargo & Company boosted their target price on shares of Ventas from $72.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Baird R W upgraded shares of Ventas from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upped their price objective on shares of Ventas from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.90.
Check Out Our Latest Research Report on VTR
Insider Transactions at Ventas
In other news, CEO Debra A. Cafaro sold 388 shares of Ventas stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $71.00, for a total transaction of $27,548.00. Following the transaction, the chief executive officer now owns 1,128,143 shares in the company, valued at $80,098,153. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Gregory R. Liebbe sold 3,866 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $63.00, for a total transaction of $243,558.00. Following the transaction, the chief accounting officer now directly owns 11,371 shares in the company, valued at approximately $716,373. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 260,227 shares of company stock worth $17,769,097 in the last ninety days. 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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