Lighthouse Investment Partners LLC boosted its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 53.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 315,400 shares of the real estate investment trust’s stock after acquiring an additional 109,400 shares during the quarter. Ventas makes up approximately 0.7% of Lighthouse Investment Partners LLC’s holdings, making the stock its 14th biggest holding. Lighthouse Investment Partners LLC owned about 0.07% of Ventas worth $22,075,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV lifted its position in shares of Ventas by 0.6% during the third quarter. Arbor Capital Management Inc. ADV now owns 21,716 shares of the real estate investment trust’s stock worth $1,520,000 after purchasing an additional 137 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Ventas by 3.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,447 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 144 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Ventas by 3.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,260 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 155 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Ventas by 3.9% during the 3rd quarter. Checchi Capital Advisers LLC now owns 4,603 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 174 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Ventas by 4.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
Ventas Stock Up 0.6%
Shares of NYSE VTR opened at $86.68 on Monday. Ventas, Inc. has a 52-week low of $60.15 and a 52-week high of $87.87. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $41.17 billion, a P/E ratio of 160.52, a P/E/G ratio of 2.11 and a beta of 0.73. The firm has a 50 day moving average price of $81.46 and a 200 day moving average price of $76.45.
Ventas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.52 per share. This is a boost from Ventas’s previous quarterly dividend of $0.48. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, March 31st. Ventas’s dividend payout ratio is presently 355.56%.
Insiders Place Their Bets
In other Ventas news, CEO Debra A. Cafaro sold 10,322 shares of Ventas stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $77.66, for a total transaction of $801,606.52. Following the transaction, the chief executive officer directly owned 1,114,034 shares in the company, valued at approximately $86,515,880.44. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert F. Probst sold 29,930 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $77.25, for a total value of $2,312,092.50. Following the completion of the transaction, the chief financial officer directly owned 138,434 shares of the company’s stock, valued at approximately $10,694,026.50. The trade was a 17.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 86,106 shares of company stock worth $6,931,397. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Weiss Ratings raised Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Mizuho upped their price target on Ventas from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $93.00 price target on shares of Ventas in a report on Monday, December 15th. KeyCorp lifted their price objective on Ventas from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Argus set a $88.00 price objective on Ventas in a report on Tuesday, February 10th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Ventas presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.
Get Our Latest Stock Report on Ventas
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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