New York State Teachers Retirement System lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,887 shares of the real estate investment trust’s stock after selling 18,798 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Ventas worth $34,034,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of VTR. Deutsche Bank AG increased its holdings in shares of Ventas by 121.5% in the 3rd quarter. Deutsche Bank AG now owns 3,978,812 shares of the real estate investment trust’s stock worth $216,363,000 after purchasing an additional 2,182,831 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ventas by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock worth $392,299,000 after buying an additional 1,331,028 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ventas by 23.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,848,304 shares of the real estate investment trust’s stock worth $372,410,000 after buying an additional 1,282,487 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ventas by 92.4% in the 3rd quarter. Renaissance Technologies LLC now owns 1,969,200 shares of the real estate investment trust’s stock worth $107,085,000 after buying an additional 945,600 shares during the last quarter. Finally, Unigestion Holding SA boosted its stake in shares of Ventas by 9,019.1% in the 3rd quarter. Unigestion Holding SA now owns 820,719 shares of the real estate investment trust’s stock worth $44,631,000 after buying an additional 811,719 shares during the last quarter. 86.02% of the stock is owned by institutional investors.
VTR opened at $64.22 on Thursday. Ventas, Inc. has a 1-year low of $46.55 and a 1-year high of $65.70. The company has a current ratio of 0.53, a quick ratio of 0.56 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $22.61 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 5.03 and a beta of 0.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be given a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Friday, March 29th. Ventas’s payout ratio is 77.89%.
In related news, CFO Robert F. Probst sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $63.31, for a total value of $633,100.00. Following the transaction, the chief financial officer now owns 100,064 shares in the company, valued at $6,335,051.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP T Richard Riney sold 15,676 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $65.00, for a total value of $1,018,940.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,964 shares of company stock worth $2,607,540 in the last quarter. Company insiders own 1.40% of the company’s stock.
Several research analysts recently issued reports on the stock. KeyCorp set a $55.00 price target on shares of Ventas and gave the stock a “sell” rating in a research report on Thursday, December 20th. TheStreet downgraded shares of Ventas from a “b” rating to a “c+” rating in a research report on Friday, October 26th. JPMorgan Chase & Co. initiated coverage on shares of Ventas in a research report on Tuesday, October 30th. They set a “neutral” rating and a $60.00 price target on the stock. Stifel Nicolaus set a $55.00 price objective on Ventas and gave the stock a “hold” rating in a report on Monday, October 29th. Finally, ValuEngine raised Ventas from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.82.
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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