DNB Asset Management AS Purchases 6,979 Shares of Ventas, Inc. (NYSE:VTR)

DNB Asset Management AS raised its position in shares of Ventas, Inc. (NYSE:VTRGet Rating) by 9.3% in the first quarter, HoldingsChannel reports. The firm owned 81,989 shares of the real estate investment trust’s stock after acquiring an additional 6,979 shares during the period. DNB Asset Management AS’s holdings in Ventas were worth $5,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Trust Co. of Toledo NA OH bought a new stake in Ventas during the 1st quarter valued at $208,000. First Hawaiian Bank raised its position in shares of Ventas by 212.2% in the 1st quarter. First Hawaiian Bank now owns 17,230 shares of the real estate investment trust’s stock worth $1,064,000 after acquiring an additional 11,711 shares in the last quarter. Norges Bank bought a new position in shares of Ventas in the 4th quarter worth $193,927,000. Walleye Capital LLC raised its position in shares of Ventas by 69.0% in the 4th quarter. Walleye Capital LLC now owns 290,629 shares of the real estate investment trust’s stock worth $14,857,000 after acquiring an additional 118,653 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Ventas by 559.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,674 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 3,117 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Debra A. Cafaro sold 69,602 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $63.40, for a total value of $4,412,766.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Debra A. Cafaro sold 17,400 shares of the company’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $62.49, for a total value of $1,087,326.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,402 shares of company stock worth $6,481,975. Company insiders own 1.30% of the company’s stock.

Ventas stock opened at $49.75 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.62 and a current ratio of 0.62. The business’s 50-day simple moving average is $55.54 and its two-hundred day simple moving average is $54.67. The company has a market cap of $19.88 billion, a PE ratio of 127.57, a PEG ratio of 2.97 and a beta of 1.16. Ventas, Inc. has a fifty-two week low of $45.44 and a fifty-two week high of $64.02.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Friday, July 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $1.80 annualized dividend and a yield of 3.62%. Ventas’s payout ratio is presently 461.55%.

Several research analysts have recently commented on VTR shares. Capital One Financial started coverage on Ventas in a research report on Friday, June 3rd. They issued an “overweight” rating and a $63.00 price target for the company. Royal Bank of Canada boosted their price target on Ventas from $62.00 to $63.00 in a research report on Friday, May 20th. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, June 8th. Credit Suisse Group assumed coverage on Ventas in a research note on Wednesday. They set an “outperform” rating on the stock. Finally, Bank of America upgraded Ventas from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, March 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ventas has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Ventas Company Profile (Get Rating)

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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