Citigroup Inc. Has $17.84 Million Holdings in Ventas, Inc. (NYSE:VTR)

Citigroup Inc. decreased its stake in shares of Ventas, Inc. (NYSE:VTR) by 24.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 278,246 shares of the real estate investment trust’s stock after selling 92,201 shares during the period. Citigroup Inc.’s holdings in Ventas were worth $17,844,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Raymond James Trust N.A. grew its stake in shares of Ventas by 7.4% in the 3rd quarter. Raymond James Trust N.A. now owns 4,497 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 309 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Ventas by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,904,078 shares of the real estate investment trust’s stock worth $314,499,000 after acquiring an additional 231,352 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Ventas by 105.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust’s stock valued at $347,605,000 after acquiring an additional 2,778,408 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Ventas by 2.0% during the third quarter. PNC Financial Services Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $3,851,000 after acquiring an additional 1,177 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Ventas during the third quarter worth approximately $1,365,000. Institutional investors own 94.18% of the company’s stock.

Insiders Place Their Bets

In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $63.20, for a total value of $431,466.40. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $62,360,514.40. This trade represents a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,079 shares of company stock valued at $9,241,311. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VTR. Scotiabank lifted their price target on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wedbush increased their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Wolfe Research upgraded Ventas to a “strong-buy” rating in a report on Friday, August 9th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.63.

Ventas Stock Up 0.5 %

Shares of NYSE:VTR opened at $64.55 on Thursday. The business has a fifty day moving average price of $64.09 and a two-hundred day moving average price of $57.84. 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 company has a market capitalization of $27.08 billion, a PE ratio of -379.68, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36. Ventas, Inc. has a 1 year low of $41.45 and a 1 year high of $67.61.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were issued 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 yield of 2.79%. Ventas’s dividend payout ratio (DPR) is presently -1,058.76%.

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.