BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,327 shares of the real estate investment trust’s stock after selling 11,118 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Ventas were worth $12,853,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Ventas by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust’s stock valued at $304,047,000 after purchasing an additional 96,482 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Ventas by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,489,159 shares of the real estate investment trust’s stock worth $239,000,000 after buying an additional 413,564 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Ventas in the 2nd quarter worth approximately $135,425,000. Canada Pension Plan Investment Board increased its position in Ventas by 0.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,756,752 shares of the real estate investment trust’s stock valued at $90,051,000 after acquiring an additional 7,585 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Ventas during the 2nd quarter valued at $73,517,000. Institutional investors own 94.18% of the company’s stock.
Analyst Upgrades and Downgrades
VTR has been the subject of several recent analyst reports. Scotiabank increased their price target on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.63.
Ventas Stock Down 1.2 %
VTR stock opened at $63.55 on Friday. The firm has a market cap of $26.66 billion, a PE ratio of -373.80, a P/E/G ratio of 2.97 and a beta of 1.36. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $64.11 and a 200 day simple moving average of $57.49.
Ventas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas’s dividend payout ratio is presently -1,058.76%.
Insider Buying and Selling
In other news, CEO Peter J. Bulgarelli sold 6,000 shares of Ventas stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now directly owns 90,795 shares of the company’s stock, valued at $5,900,767.05. This trade represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Debra A. Cafaro sold 6,827 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total transaction of $431,466.40. Following the completion of the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $62,360,514.40. This trade represents a 0.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,454 shares of company stock worth $9,263,815 in the last three months. 1.00% of the stock is currently owned by insiders.
Ventas Profile
Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.
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