Entropy Technologies LP lifted its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 59.5% during the third quarter, Holdings Channel.com reports. The firm owned 47,582 shares of the real estate investment trust’s stock after purchasing an additional 17,754 shares during the period. Entropy Technologies LP’s holdings in Ventas were worth $3,051,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Ventas by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,361 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 1,151 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Ventas by 25.1% during the first quarter. Empowered Funds LLC now owns 5,388 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 1,082 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Ventas by 20.4% during the first quarter. Forsta AP Fonden now owns 92,600 shares of the real estate investment trust’s stock valued at $4,032,000 after buying an additional 15,700 shares during the last quarter. NorthRock Partners LLC bought a new stake in Ventas during the first quarter worth $255,000. Finally, QRG Capital Management Inc. raised its position in Ventas by 1.1% in the 1st quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust’s stock valued at $1,062,000 after buying an additional 258 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on VTR. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Evercore ISI boosted their price target on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Scotiabank increased their price objective on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. Finally, Wolfe Research raised Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.63.
Ventas Trading Down 0.5 %
Shares of VTR stock opened at $64.84 on Tuesday. Ventas, Inc. has a 12-month low of $41.45 and a 12-month high of $67.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $64.04 and a 200-day moving average of $56.25. The firm has a market cap of $27.19 billion, a P/E ratio of -381.41, a PEG ratio of 2.89 and a beta of 1.36.
Ventas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. Ventas’s dividend payout ratio is presently -1,058.82%.
Insider Transactions at Ventas
In related news, CEO Debra A. Cafaro sold 121,248 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $65,291,063.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $65,291,063.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,454 shares of company stock worth $9,263,815. 1.00% of the stock is owned by company insiders.
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.
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