MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,877 shares of the real estate investment trust’s stock after purchasing an additional 3,181 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ventas were worth $3,773,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Ventas by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust’s stock worth $4,740,422,000 after purchasing an additional 2,440,551 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ventas by 9.5% in the 1st quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock valued at $2,224,203,000 after purchasing an additional 2,811,241 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Ventas by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,414,404 shares of the real estate investment trust’s stock valued at $441,056,000 after purchasing an additional 281,232 shares during the last quarter. Northern Trust Corp lifted its stake in Ventas by 3.1% in the 1st quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust’s stock valued at $440,230,000 after purchasing an additional 194,860 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ventas by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,338,089 shares of the real estate investment trust’s stock valued at $435,806,000 after purchasing an additional 233,639 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.
Ventas Stock Performance
Shares of NYSE VTR opened at $69.72 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $66.33. Ventas, Inc. has a one year low of $56.68 and a one year high of $71.36. The firm has a market cap of $31.69 billion, a price-to-earnings ratio of 162.15, a P/E/G ratio of 2.56 and a beta of 0.87.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VTR. Argus reiterated a “buy” rating and issued a $75.00 target price on shares of Ventas in a research note on Tuesday, August 26th. Morgan Stanley raised their target price on shares of Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. raised their target price on shares of Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Scotiabank upped their price target on shares of Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen lowered shares of Ventas from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.36.
Get Our Latest Report on Ventas
Insider Transactions at Ventas
In other Ventas news, CEO Debra A. Cafaro sold 10,322 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $67.80, for a total transaction of $699,831.60. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares of the company’s stock, valued at approximately $77,678,121. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Probst sold 29,691 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $68.49, for a total value of $2,033,536.59. Following the transaction, the chief financial officer directly owned 168,364 shares of the company’s stock, valued at approximately $11,531,250.36. The trade was a 14.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,788 shares of company stock worth $18,279,081 over the last quarter. Corporate insiders own 0.80% 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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