Assetmark Inc. boosted its position in Ventas, Inc. (NYSE:VTR – Free Report) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,902 shares of the real estate investment trust’s stock after acquiring an additional 4,937 shares during the quarter. Assetmark Inc.’s holdings in Ventas were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in Ventas in the first quarter valued at about $41,000. Belpointe Asset Management LLC bought a new stake in Ventas in the fourth quarter valued at about $32,000. Hollencrest Capital Management bought a new stake in Ventas in the fourth quarter valued at about $34,000. Ahrens Investment Partners LLC acquired a new position in Ventas in the first quarter valued at approximately $34,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Ventas in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on VTR shares. Royal Bank of Canada decreased their target price on Ventas from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays decreased their target price on Ventas from $57.00 to $55.00 in a research note on Tuesday, April 25th. Wells Fargo & Company started coverage on Ventas in a research note on Wednesday, April 19th. They issued an “overweight” rating and a $50.00 target price for the company. Mizuho decreased their target price on Ventas from $60.00 to $53.00 in a research note on Tuesday, May 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $45.00 target price on shares of Ventas in a research note on Thursday, July 20th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.90.
Ventas Stock Performance
Shares of NYSE VTR opened at $43.56 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.63 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $46.84. The company has a market cap of $17.53 billion, a PE ratio of 229.28, a P/E/G ratio of 2.11 and a beta of 1.21. Ventas, Inc. has a 12-month low of $35.33 and a 12-month high of $53.15.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Monday, July 3rd were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 4.13%. Ventas’s dividend payout ratio (DPR) is 947.42%.
Insiders Place Their Bets
In other Ventas news, Director Walter C. Rakowich sold 1,242 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $42.57, for a total value of $52,871.94. Following the completion of the sale, the director now directly owns 24,528 shares in the company, valued at $1,044,156.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.
Ventas Profile
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.
Featured Stories
- Five stocks we like better than Ventas
- How to Invest in Hotel Stocks
- Alibaba Explodes On Earnings, Inching Toward Triple Digit Prices
- How to Use the MarketBeat Stock Split Calculator
- Is It Time To Game The Roblox Market?
- Airline Stocks: What They Are and How to Invest
- 2 Cheap Stocks The Insiders Are Buying
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR – Free Report).
Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.
