Quadrant Capital Group LLC lifted its holdings in Ventas, Inc. (NYSE:VTR) by 53.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,652 shares of the real estate investment trust’s stock after buying an additional 1,267 shares during the period. Quadrant Capital Group LLC’s holdings in Ventas were worth $238,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Ventas during the first quarter valued at $26,000. Gradient Investments LLC boosted its position in Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 393 shares during the last quarter. Heritage Wealth Advisors boosted its position in Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 178 shares during the last quarter. Finally, Investors Research Corp acquired a new stake in Ventas during the first quarter valued at $32,000. 83.82% of the stock is owned by institutional investors and hedge funds.
VTR traded down $0.39 on Tuesday, hitting $67.48. 10,561 shares of the stock traded hands, compared to its average volume of 1,776,153. Ventas, Inc. has a 52 week low of $51.80 and a 52 week high of $73.74. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. The company has a market cap of $25.23 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 5.64 and a beta of 0.27. The business has a fifty day moving average of $68.76.
The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were paid a dividend of $0.7925 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.17 annualized dividend and a yield of 4.70%. Ventas’s dividend payout ratio is 77.89%.
Several research firms have weighed in on VTR. Bank of America restated a “neutral” rating and set a $72.50 target price (up from $67.00) on shares of Ventas in a report on Friday, June 21st. Royal Bank of Canada raised their target price on Ventas to $71.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Citigroup upgraded Ventas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $67.00 to $76.00 in a research note on Wednesday, June 19th. BMO Capital Markets reiterated a “hold” rating and issued a $73.00 price objective on shares of Ventas in a research note on Monday, July 29th. Finally, Raymond James upgraded Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.59.
In related news, Chairman Debra A. Cafaro sold 68,084 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.54, for a total transaction of $4,530,309.36. Following the transaction, the chairman now directly owns 805,835 shares in the company, valued at $53,620,260.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Debra A. Cafaro sold 68,080 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total value of $4,700,243.20. Following the transaction, the chairman now owns 741,358 shares in the company, valued at $51,183,356.32. The disclosure for this sale can be found here. Insiders have sold 165,866 shares of company stock worth $11,323,058 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Ventas Company Profile
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.
Recommended Story: Is the QQQ ETF safe?
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.