Ventas (NYSE:VTR) Sets New 1-Year High at $51.21

Ventas, Inc. (NYSE:VTR) hit a new 52-week high during trading on Friday . The company traded as high as $51.21 and last traded at $51.04, with a volume of 60582 shares changing hands. The stock had previously closed at $50.81.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI raised Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, March 18th. Scotiabank upped their target price on Ventas from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, 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 report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.46.

Ventas Stock Up 0.9 %

The company has a market capitalization of $20.75 billion, a P/E ratio of -269.79, a PEG ratio of 2.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day moving average price of $48.11 and a 200 day moving average price of $46.52.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Monday, July 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, July 1st. Ventas’s dividend payout ratio (DPR) is currently -947.37%.

Insider Buying and Selling

In related news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the sale, the director now owns 26,031 shares of the company’s stock, valued at approximately $1,259,900.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ventas news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares of the company’s stock, valued at approximately $1,259,900.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gregory R. Liebbe sold 14,625 shares of Ventas stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $47.70, for a total value of $697,612.50. Following the transaction, the chief accounting officer now directly owns 12,524 shares of the company’s stock, valued at approximately $597,394.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,270 shares of company stock valued at $1,672,966. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Manchester Capital Management LLC lifted its stake in Ventas by 77.9% in the fourth 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. Bessemer Group Inc. lifted its stake in Ventas by 4.6% in the first quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 234 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Ventas by 6.6% in the fourth quarter. Lindbrook Capital LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 239 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Ventas by 14.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,954 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 249 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. raised its position in shares of Ventas by 2.7% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 9,493 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 94.18% 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.