Synovus Financial Corp Invests $414,000 in Ventas, Inc. (NYSE:VTR)

Synovus Financial Corp bought a new position in shares of Ventas, Inc. (NYSE:VTRGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,931 shares of the real estate investment trust’s stock, valued at approximately $414,000.

Other large investors have also recently bought and sold shares of the company. Garrison Asset Management LLC increased its holdings in shares of Ventas by 1.1% during the 1st quarter. Garrison Asset Management LLC now owns 18,723 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 197 shares during the period. Meeder Asset Management Inc. grew its position in Ventas by 11.0% during the second quarter. Meeder Asset Management Inc. now owns 2,178 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 215 shares in the last quarter. Baird Financial Group Inc. increased its stake in Ventas by 1.7% during the first quarter. Baird Financial Group Inc. now owns 13,395 shares of the real estate investment trust’s stock valued at $827,000 after acquiring an additional 222 shares during the period. First Horizon Advisors Inc. increased its stake in Ventas by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,029 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 235 shares during the period. Finally, Equitable Holdings Inc. raised its holdings in Ventas by 6.0% in the 1st quarter. Equitable Holdings Inc. now owns 4,387 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 249 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Ventas Trading Up 1.7 %

NYSE VTR opened at $44.07 on Monday. Ventas, Inc. has a 12 month low of $35.33 and a 12 month high of $64.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $41.24 and a 200-day moving average of $48.15. The company has a market cap of $17.62 billion, a PE ratio of -400.64, a PEG ratio of 3.56 and a beta of 1.13.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Monday, October 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, September 30th. Ventas’s dividend payout ratio (DPR) is presently -1,636.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VTR shares. Evercore ISI lowered their price objective on Ventas to $50.00 in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ventas from $65.00 to $63.00 in a research note on Friday, September 16th. Credit Suisse Group lowered their target price on shares of Ventas from $63.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 1st. Barclays cut their price target on shares of Ventas from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Finally, Raymond James cut Ventas from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $55.00 to $46.00 in a report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.90.

About Ventas

(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.

Further Reading

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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