NuWave Investment Management LLC bought a new stake in shares of Ventas, Inc. (NYSE:VTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,743 shares of the real estate investment trust’s stock, valued at approximately $454,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its position in Ventas by 121.5% in the third quarter. Deutsche Bank AG now owns 3,978,812 shares of the real estate investment trust’s stock worth $216,363,000 after buying an additional 2,182,831 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ventas by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 7,214,027 shares of the real estate investment trust’s stock valued at $392,299,000 after acquiring an additional 1,331,028 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ventas by 23.0% during the third 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 purchasing an additional 1,282,487 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Ventas by 92.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,969,200 shares of the real estate investment trust’s stock valued at $107,085,000 after acquiring an additional 945,600 shares during the period. Finally, Unigestion Holding SA grew its stake in 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 acquiring an additional 811,719 shares during the period. Institutional investors own 86.02% of the company’s stock.
Shares of VTR stock opened at $64.22 on Thursday. Ventas, Inc. has a 12 month low of $46.55 and a 12 month high of $65.70. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 5.03 and a beta of 0.33. 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be paid a $0.7925 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $3.17 annualized dividend and a yield of 4.94%. Ventas’s payout ratio is currently 77.89%.
In other Ventas news, EVP T Richard Riney sold 15,676 shares of Ventas stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $65.00, for a total transaction of $1,018,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert F. Probst sold 10,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 100,064 shares in the company, valued at $6,335,051.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,964 shares of company stock valued at $2,607,540. 1.40% of the stock is owned by corporate insiders.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine raised shares of Ventas from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Royal Bank of Canada cut Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 target price on the stock. in a research note on Friday, November 2nd. JPMorgan Chase & Co. initiated coverage on Ventas in a research note on Tuesday, October 30th. They set a “neutral” rating and a $60.00 price target for the company. Finally, Stifel Nicolaus set a $55.00 price target on Ventas and gave the stock a “hold” rating in a research note on Monday, October 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $58.82.
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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, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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