Van ECK Associates Corp lessened its position in Ventas, Inc. (NYSE:VTR – Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,178 shares of the real estate investment trust’s stock after selling 5,361 shares during the quarter. Van ECK Associates Corp’s holdings in Ventas were worth $6,424,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in VTR. Integrated Wealth Concepts LLC grew its holdings in shares of Ventas by 15.0% in the first quarter. Integrated Wealth Concepts LLC now owns 8,057 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 1,053 shares during the period. Quantinno Capital Management LP increased its stake in Ventas by 16.8% during the first quarter. Quantinno Capital Management LP now owns 16,770 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,410 shares during the last quarter. Tobam grew its stake in shares of Ventas by 14.8% during the first quarter. Tobam now owns 5,524 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 711 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Ventas by 2,546.6% during the first quarter. Pacer Advisors Inc. now owns 24,402 shares of the real estate investment trust’s stock valued at $1,058,000 after buying an additional 23,480 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Ventas by 11.9% in the first quarter. Daiwa Securities Group Inc. now owns 157,521 shares of the real estate investment trust’s stock worth $6,829,000 after purchasing an additional 16,700 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on VTR. Royal Bank of Canada dropped their price objective on Ventas from $56.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Raymond James upgraded Ventas from an “outperform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a report on Friday, June 23rd. Wells Fargo & Company initiated coverage on Ventas in a report on Wednesday, April 19th. They set an “overweight” rating and a $50.00 target price for the company. Barclays lowered their target price on Ventas from $57.00 to $55.00 in a report on Tuesday, April 25th. Finally, Credit Suisse Group decreased their price objective on Ventas from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.00.
Insiders Place Their Bets
Ventas Price Performance
NYSE VTR opened at $48.13 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s fifty day moving average price is $46.45 and its 200 day moving average price is $46.96. Ventas, Inc. has a 1 year low of $35.33 and a 1 year high of $54.11. The company has a market cap of $19.25 billion, a price-to-earnings ratio of -267.37, a PEG ratio of 2.08 and a beta of 1.20.
Ventas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Monday, July 3rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, June 30th. Ventas’s dividend payout ratio is currently -999.94%.
About Ventas
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns a diversified portfolio of over 1,200 properties in the United States, Canada, and the United Kingdom.
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