FIL Ltd decreased its position in Ventas, Inc. (NYSE:VTR) by 23.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 100,922 shares of the real estate investment trust’s stock after selling 30,794 shares during the period. FIL Ltd’s holdings in Ventas were worth $6,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its position in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Ventas during the first quarter worth about $26,000. Heritage Wealth Advisors increased its stake in Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 178 shares during the last quarter. Investors Research Corp purchased a new stake in shares of Ventas in the first quarter worth about $32,000. Finally, Rational Advisors LLC purchased a new stake in shares of Ventas in the fourth quarter worth about $34,000. 87.16% of the stock is owned by hedge funds and other institutional investors.
VTR opened at $64.86 on Thursday. Ventas, Inc. has a twelve month low of $51.80 and a twelve month high of $66.42. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 7.15 and a beta of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be paid a $0.7925 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.17 annualized dividend and a dividend yield of 4.89%. Ventas’s payout ratio is 77.89%.
A number of analysts have recently weighed in on the company. Mitsubishi UFJ Financial Group increased their price target on Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets increased their price objective on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Deutsche Bank raised their target price on Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a report on Friday, March 29th. Finally, Raymond James upgraded Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.46.
In related news, CAO Gregory R. Liebbe sold 4,113 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.67, for a total value of $249,535.71. Following the transaction, the chief accounting officer now owns 14,627 shares of the company’s stock, valued at $887,420.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James D. Shelton sold 5,940 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total transaction of $384,852.60. Following the sale, the director now owns 46,860 shares in the company, valued at approximately $3,036,059.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,493 shares of company stock valued at $1,502,970. 1.40% of the stock is owned by company insiders.
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Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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