Lake Street Financial LLC lowered its stake in Ventas, Inc. (NYSE:VTR – Get Rating) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,742 shares of the real estate investment trust’s stock after selling 610 shares during the period. Lake Street Financial LLC’s holdings in Ventas were worth $972,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Lincoln National Corp grew its position in Ventas by 9.1% in the first quarter. Lincoln National Corp now owns 8,442 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 701 shares during the last quarter. Summitry LLC bought a new position in Ventas in the first quarter valued at about $223,000. Checchi Capital Advisers LLC bought a new position in Ventas in the first quarter valued at about $220,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Ventas by 9.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 383,008 shares of the real estate investment trust’s stock valued at $23,655,000 after acquiring an additional 33,162 shares during the last quarter. Finally, M&T Bank Corp grew its position in Ventas by 15.3% in the first quarter. M&T Bank Corp now owns 74,287 shares of the real estate investment trust’s stock valued at $4,588,000 after acquiring an additional 9,830 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Ventas from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Royal Bank of Canada lifted their price target on Ventas from $62.00 to $63.00 in a research note on Friday, May 20th. Capital One Financial initiated coverage on Ventas in a research note on Friday, June 3rd. They set an “overweight” rating and a $63.00 price target on the stock. Finally, Jefferies Financial Group raised Ventas from a “hold” rating to a “buy” rating and lifted their price target for the company from $58.00 to $59.00 in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ventas currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.
Insider Buying and Selling at Ventas
Ventas Price Performance
Shares of VTR opened at $48.95 on Friday. Ventas, Inc. has a 52-week low of $45.44 and a 52-week high of $64.02. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.62 and a current ratio of 0.62. The business’s 50 day moving average price is $51.93 and its two-hundred day moving average price is $54.85. The firm has a market cap of $19.57 billion, a PE ratio of 979.20, a price-to-earnings-growth ratio of 3.24 and a beta of 1.12.
Ventas Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, July 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, June 30th. Ventas’s dividend payout ratio (DPR) is presently 3,600.72%.
Ventas Company Profile
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.
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