QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Ventas, Inc. (NYSE:VTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,400 shares of the real estate investment trust’s stock, valued at approximately $783,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Advisors LLC lifted its stake in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,967 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 2,341 shares in the last quarter. Signaturefd LLC lifted its stake in Ventas by 83.9% in the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,388 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Ventas in the second quarter valued at approximately $188,000. 84.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VTR stock opened at $57.26 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $20.24 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 3.87 and a beta of 0.14. Ventas, Inc. has a 12 month low of $46.55 and a 12 month high of $65.72.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, October 1st were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.52%. The ex-dividend date was Friday, September 28th. Ventas’s dividend payout ratio (DPR) is currently 75.96%.
In other Ventas news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $60.00, for a total transaction of $822,480.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.
VTR has been the topic of a number of research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $58.00 price target on shares of Ventas in a research note on Tuesday, July 31st. TheStreet raised shares of Ventas from a “c+” rating to a “b-” rating in a research note on Thursday, July 5th. Bank of America lifted their price target on shares of Ventas from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Stifel Nicolaus set a $55.00 price target on shares of Ventas and gave the company a “hold” rating in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “$57.33” rating and issued a $61.00 price target on shares of Ventas in a research note on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.25.
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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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