Atomi Financial Group Inc. raised its holdings in Ventas, Inc. (NYSE:VTR – Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,695 shares of the real estate investment trust’s stock after buying an additional 499 shares during the quarter. Atomi Financial Group Inc.’s holdings in Ventas were worth $276,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in VTR. ST Germain D J Co. Inc. purchased a new position in shares of Ventas in the 4th quarter valued at approximately $27,000. Harbor Capital Advisors Inc. raised its holdings in shares of Ventas by 66.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 210 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Ventas in the third quarter worth $48,000. Morse Asset Management Inc acquired a new stake in shares of Ventas during the third quarter worth $64,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Ventas during the third quarter valued at $74,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on VTR shares. Scotiabank raised their target price on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Robert W. Baird raised shares of Ventas from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $66.00 to $65.00 in a research report on Friday, January 17th. Finally, StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $67.13.
Ventas Price Performance
Shares of NYSE VTR opened at $60.75 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of -357.33, a PEG ratio of 2.52 and a beta of 1.37. The firm’s 50 day simple moving average is $60.29 and its 200-day simple moving average is $60.74. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61.
Ventas Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a $0.45 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.96%. Ventas’s payout ratio is -1,058.76%.
Insiders Place Their Bets
In other news, CEO Debra A. Cafaro sold 121,248 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total transaction of $8,022,980.16. Following the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $65,291,063.89. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
Ventas 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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