PNC Financial Services Group Inc. Raises Position in Ventas, Inc. (NYSE:VTR)

PNC Financial Services Group Inc. raised its stake in shares of Ventas, Inc. (NYSE:VTR) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,424 shares of the real estate investment trust’s stock after purchasing an additional 5,828 shares during the period. PNC Financial Services Group Inc.’s holdings in Ventas were worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evoke Wealth LLC purchased a new stake in Ventas during the fourth quarter valued at approximately $6,947,000. International Assets Investment Management LLC grew its stake in shares of Ventas by 4,831.0% during the fourth quarter. International Assets Investment Management LLC now owns 231,856 shares of the real estate investment trust’s stock valued at $11,556,000 after buying an additional 227,154 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Ventas by 10.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 86,912 shares of the real estate investment trust’s stock valued at $4,332,000 after buying an additional 8,199 shares during the last quarter. Lincluden Management Ltd. bought a new position in shares of Ventas during the fourth quarter valued at approximately $2,170,000. Finally, SG Americas Securities LLC grew its stake in shares of Ventas by 114.9% during the fourth quarter. SG Americas Securities LLC now owns 47,578 shares of the real estate investment trust’s stock valued at $2,371,000 after buying an additional 25,442 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Robert F. Probst sold 18,500 shares of Ventas stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $47.11, for a total value of $871,535.00. Following the transaction, the chief financial officer now directly owns 176,403 shares in the company, valued at approximately $8,310,345.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Robert F. Probst sold 18,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $47.11, for a total transaction of $871,535.00. Following the transaction, the chief financial officer now directly owns 176,403 shares in the company, valued at approximately $8,310,345.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Walter C. Rakowich sold 2,145 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the transaction, the director now owns 26,031 shares in the company, valued at $1,259,900.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,270 shares of company stock worth $1,672,966. 1.00% of the stock is currently owned by company insiders.

Ventas Price Performance

Shares of NYSE:VTR opened at $50.26 on Thursday. Ventas, Inc. has a 12-month low of $39.33 and a 12-month high of $50.99. The business’s fifty day simple moving average is $47.01 and its 200-day simple moving average is $46.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Monday, July 1st will be issued a $0.45 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.58%. Ventas’s dividend payout ratio is presently -947.32%.

Analyst Upgrades and Downgrades

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

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.