Ventas, Inc. (NYSE:VTR) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Ventas, Inc. (NYSE:VTR) by 2.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 60,052 shares of the real estate investment trust’s stock after acquiring an additional 1,177 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ventas were worth $3,851,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VTR. Bessemer Group Inc. raised its position in Ventas by 4.6% in the first quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 234 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ventas by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,489,159 shares of the real estate investment trust’s stock worth $239,000,000 after acquiring an additional 413,564 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Ventas in the first quarter worth $11,749,000. Janus Henderson Group PLC raised its position in Ventas by 14.1% in the first quarter. Janus Henderson Group PLC now owns 92,117 shares of the real estate investment trust’s stock worth $4,009,000 after acquiring an additional 11,406 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Ventas by 40.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,810 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 2,539 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Trading Down 1.2 %

Ventas stock opened at $63.55 on Monday. The stock has a market cap of $26.66 billion, a PE ratio of -373.80, a P/E/G ratio of 2.94 and a beta of 1.36. The stock has a 50-day moving average price of $64.11 and a 200 day moving average price of $57.56. Ventas, Inc. has a 52 week low of $41.45 and a 52 week high of $67.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Tuesday, October 1st. Ventas’s dividend payout ratio is presently -1,058.76%.

Insider Buying and Selling

In other Ventas news, CEO Debra A. Cafaro sold 121,248 shares of the firm’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 of the company’s stock, valued at approximately $65,291,063.89. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the sale, the chief executive officer now directly owns 90,795 shares in the company, valued at approximately $5,900,767.05. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,079 shares of company stock worth $9,241,311. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI increased their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wedbush raised their price target on Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank raised their price target on Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Royal Bank of Canada raised their price target on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Two investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.63.

About Ventas

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.