National Pension Service raised its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 617,772 shares of the real estate investment trust’s stock after buying an additional 16,153 shares during the period. National Pension Service owned about 0.14% of Ventas worth $43,238,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Cloud Capital Management LLC bought a new position in Ventas in the 3rd quarter valued at $25,000. True Wealth Design LLC raised its holdings in shares of Ventas by 1,557.7% in the third quarter. True Wealth Design LLC now owns 431 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 405 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Ventas by 76.1% in the third quarter. ORG Partners LLC now owns 456 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 197 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Ventas by 65.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 455 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Ventas during the 2nd quarter worth about $33,000. 94.18% of the stock is owned by institutional investors and hedge funds.
Ventas Stock Down 0.4%
Shares of Ventas stock opened at $77.33 on Tuesday. The business has a fifty day simple moving average of $78.17 and a 200 day simple moving average of $72.92. The stock has a market cap of $36.32 billion, a PE ratio of 148.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.01. Ventas, Inc. has a 12 month low of $58.72 and a 12 month high of $81.89.
Ventas Dividend Announcement
Insider Activity at Ventas
In related news, CFO Robert F. Probst sold 33,591 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $76.77, for a total value of $2,578,781.07. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $12,925,304.28. This represents a 16.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter J. Bulgarelli sold 2,771 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $80.01, for a total value of $221,707.71. Following the sale, the chief executive officer directly owned 108,717 shares in the company, valued at $8,698,447.17. The trade was a 2.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 140,727 shares of company stock worth $10,901,338. 1.00% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VTR. Citigroup upped their target price on shares of Ventas from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 price objective on shares of Ventas in a report on Monday, December 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $93.00 target price on shares of Ventas in a research note on Monday, January 5th. Wells Fargo & Company upped their price target on Ventas from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Scotiabank lifted their price objective on Ventas from $74.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.63.
View Our Latest Stock Report on VTR
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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