Stratos Wealth Partners LTD. lowered its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,828 shares of the real estate investment trust’s stock after selling 320 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ventas were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of VTR. DoubleLine ETF Adviser LP lifted its holdings in shares of Ventas by 0.6% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,695 shares of the real estate investment trust’s stock worth $1,749,000 after acquiring an additional 171 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Ventas by 1.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 172 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Ventas by 2.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,644 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 181 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Ventas by 0.6% in the 1st quarter. Kentucky Retirement Systems now owns 28,574 shares of the real estate investment trust’s stock worth $1,965,000 after acquiring an additional 183 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Ventas by 6.3% in the 4th quarter. Quadrant Capital Group LLC now owns 3,171 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Ventas Trading Up 0.5%
Shares of NYSE:VTR opened at $65.49 on Thursday. Ventas, Inc. has a 52 week low of $52.79 and a 52 week high of $71.36. The company’s 50 day moving average is $63.83 and its two-hundred day moving average is $64.32. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.10. The company has a market cap of $29.56 billion, a PE ratio of 198.46, a P/E/G ratio of 2.34 and a beta of 0.87.
Ventas Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, June 30th. Ventas’s payout ratio is currently 581.82%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on VTR. Royal Bank Of Canada upped their price objective on shares of Ventas from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upgraded shares of Ventas from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $72.00 in a report on Monday, June 23rd. Scotiabank upped their price objective on shares of Ventas from $71.00 to $72.00 and gave the stock a “sector perform” rating in a report on Monday, June 23rd. Finally, Wall Street Zen lowered shares of Ventas from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.90.
View Our Latest Analysis on VTR
Insider Buying and Selling at Ventas
In related news, Director Walter C. Rakowich sold 1,459 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $63.76, for a total value of $93,025.84. Following the completion of the sale, the director owned 27,454 shares in the company, valued at $1,750,467.04. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Probst sold 168,318 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the completion of the sale, the chief financial officer owned 168,364 shares of the company’s stock, valued at $11,004,271.04. This trade represents a 49.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 305,622 shares of company stock valued at $19,900,685. Company insiders own 0.80% of the company’s stock.
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.
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