Ventas, Inc. (NYSE:VTR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of Ventas, Inc. (NYSE:VTRFree Report) by 13.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,580,159 shares of the real estate investment trust’s stock after selling 237,299 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.39% of Ventas worth $68,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bruce G. Allen Investments LLC acquired a new stake in Ventas in the 4th quarter valued at about $25,000. Manchester Capital Management LLC grew its stake in Ventas by 77.9% in the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. First Financial Corp IN acquired a new stake in Ventas in the 1st quarter valued at about $30,000. Gradient Investments LLC grew its stake in Ventas by 82.7% in the 4th quarter. Gradient Investments LLC now owns 718 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 325 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Ventas in the 4th quarter valued at about $38,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Ventas Price Performance

Shares of VTR stock opened at $52.45 on Friday. Ventas, Inc. has a 1-year low of $39.33 and a 1-year high of $52.63. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43. The firm’s 50-day simple moving average is $48.93 and its 200-day simple moving average is $46.62.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.43%. Ventas’s payout ratio is currently -947.32%.

Insider Transactions at Ventas

In other news, CAO Gregory R. Liebbe sold 14,625 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the transaction, the chief accounting officer now directly owns 12,524 shares in the company, valued at approximately $597,394.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Gregory R. Liebbe sold 14,625 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the completion of the sale, the chief accounting officer now owns 12,524 shares of the company’s stock, valued at approximately $597,394.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the sale, the director now directly owns 26,031 shares of the company’s stock, valued at approximately $1,259,900.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,270 shares of company stock worth $1,672,966 in the last three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VTR shares. Evercore ISI raised shares of Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, March 18th. Wells Fargo & Company increased their price objective on shares of Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, Scotiabank upped their target price on shares of Ventas from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.46.

Get Our Latest Analysis on VTR

About Ventas

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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