Westpac Banking Corp raised its position in Ventas, Inc. (NYSE:VTR) by 11.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 137,467 shares of the real estate investment trust’s stock after purchasing an additional 14,191 shares during the quarter. Westpac Banking Corp’s holdings in Ventas were worth $8,772,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. acquired a new position in Ventas in the first quarter valued at about $88,000. Kaizen Advisory LLC boosted its position in Ventas by 27.6% in the fourth quarter. Kaizen Advisory LLC now owns 1,007 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 218 shares in the last quarter. Aspire Private Capital LLC acquired a new position in Ventas in the fourth quarter valued at about $401,000. Truvestments Capital LLC acquired a new position in Ventas in the first quarter valued at about $115,000. Finally, Intrust Bank NA bought a new position in shares of Ventas in the first quarter worth about $200,000. Hedge funds and other institutional investors own 87.16% of the company’s stock.
Shares of NYSE VTR traded up $1.06 during trading on Friday, reaching $66.49. The company had a trading volume of 1,628,290 shares, compared to its average volume of 2,312,327. Ventas, Inc. has a 52 week low of $51.80 and a 52 week high of $66.42. The company has a market cap of $23.81 billion, a PE ratio of 16.34, a P/E/G ratio of 7.17 and a beta of 0.23. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be paid a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, June 28th. Ventas’s dividend payout ratio (DPR) is 77.89%.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Ventas from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Deutsche Bank boosted their target price on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Mitsubishi UFJ Financial Group boosted their target price on shares of Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their target price on shares of Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Finally, Morgan Stanley assumed coverage on shares of Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.46.
In related news, Director Robert D. Reed sold 3,440 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the completion of the sale, the director now directly owns 47,709 shares of the company’s stock, valued at $3,048,128.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Cobb sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,493 shares of company stock valued at $1,502,970. 1.40% of the stock is currently owned by insiders.
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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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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