Sigma Planning Corp lifted its holdings in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 13.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,552 shares of the real estate investment trust’s stock after buying an additional 2,822 shares during the period. Sigma Planning Corp’s holdings in Ventas were worth $1,575,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Community Trust NA acquired a new stake in Ventas in the second quarter worth $25,000. ORG Partners LLC acquired a new stake in shares of Ventas in the 2nd quarter worth about $27,000. Global X Japan Co. Ltd. bought a new stake in Ventas in the 3rd quarter valued at about $48,000. EdgeRock Capital LLC acquired a new position in Ventas during the 2nd quarter valued at about $41,000. Finally, Friedenthal Financial bought a new position in Ventas in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on VTR shares. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank lifted 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. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ventas currently has an average rating of “Moderate Buy” and an average target price of $63.63.
Insider Buying and Selling
In related news, CEO Debra A. Cafaro sold 6,827 shares of the 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 transaction, the chief executive officer now owns 986,717 shares in the company, valued at $62,360,514.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $63.20, for a total value of $431,466.40. Following the completion of the transaction, the chief executive officer now directly owns 986,717 shares in the company, valued at $62,360,514.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,454 shares of company stock worth $9,263,815 in the last three months. 1.00% of the stock is currently owned by insiders.
Ventas Stock Down 0.6 %
VTR stock opened at $64.48 on Wednesday. The firm has a market cap of $27.04 billion, a PE ratio of -379.29, a P/E/G ratio of 2.89 and a beta of 1.36. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61. 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 firm has a 50 day simple moving average of $64.09 and a 200 day simple moving average of $56.40.
Ventas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Tuesday, October 1st. Ventas’s dividend payout ratio is presently -1,058.82%.
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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