Walleye Capital LLC decreased its stake in Ventas, Inc. (NYSE:VTR – Free Report) by 65.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,829 shares of the real estate investment trust’s stock after selling 8,994 shares during the period. Walleye Capital LLC’s holdings in Ventas were worth $310,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VTR. ORG Partners LLC purchased a new position in Ventas during the 2nd quarter valued at about $27,000. EdgeRock Capital LLC purchased a new position in Ventas during the 2nd quarter valued at about $41,000. Global X Japan Co. Ltd. purchased a new position in Ventas during the 3rd quarter valued at about $48,000. Hanseatic Management Services Inc. purchased a new position in Ventas during the 3rd quarter valued at about $74,000. Finally, Tobam purchased a new position in Ventas during the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Mizuho lowered their price target on shares of Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank lifted their price target on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Finally, Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Ventas in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.63.
Ventas Price Performance
Ventas stock opened at $61.15 on Wednesday. Ventas, Inc. has a 1 year low of $41.45 and a 1 year high of $67.61. The firm has a 50 day moving average price of $63.91 and a 200 day moving average price of $58.71. The company has a market cap of $25.65 billion, a price-to-earnings ratio of -359.71, a PEG ratio of 2.86 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04.
Ventas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.94%. Ventas’s payout ratio is -1,058.82%.
Insider Activity at Ventas
In other Ventas news, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total transaction of $8,022,980.16. Following the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,291,063.89. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.
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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