Ventas (NYSE:VTR) Sets New 1-Year High at $51.21

Shares of Ventas, Inc. (NYSE:VTR) hit a new 52-week high during trading on Friday . The company traded as high as $51.21 and last traded at $51.04, with a volume of 60582 shares trading hands. The stock had previously closed at $50.81.

Analysts Set New Price Targets

A number of equities analysts have commented on VTR shares. Evercore ISI upgraded Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, March 18th. Scotiabank boosted their price objective on Ventas from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company boosted their price objective on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.46.

Ventas Price Performance

The company has a market cap of $20.75 billion, a P/E ratio of -269.79, a PEG ratio of 2.64 and a beta of 1.33. The company has a fifty day simple moving average of $48.11 and a 200-day simple moving average of $46.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.63 and a quick ratio of 0.63.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, July 1st. Ventas’s dividend payout ratio (DPR) is currently -947.37%.

Insider Buying and Selling at Ventas

In other Ventas news, CFO Robert F. Probst sold 18,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total transaction of $871,535.00. Following the sale, the chief financial officer now directly owns 176,403 shares of the company’s stock, valued at approximately $8,310,345.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Robert F. Probst sold 18,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total transaction of $871,535.00. Following the transaction, the chief financial officer now directly owns 176,403 shares in the company, valued at approximately $8,310,345.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Gregory R. Liebbe sold 14,625 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the transaction, the chief accounting officer now owns 12,524 shares in the company, valued at $597,394.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,270 shares of company stock valued at $1,672,966 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ventas

Large investors have recently bought and sold shares of the business. Evoke Wealth LLC bought a new stake in Ventas during the fourth quarter valued at about $6,947,000. International Assets Investment Management LLC boosted its holdings in Ventas by 4,831.0% during the fourth quarter. International Assets Investment Management LLC now owns 231,856 shares of the real estate investment trust’s stock valued at $11,556,000 after acquiring an additional 227,154 shares during the period. Wellington Management Group LLP boosted its holdings in Ventas by 405.5% during the fourth quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock valued at $8,532,000 after acquiring an additional 137,327 shares during the period. Nomura Holdings Inc. bought a new stake in Ventas during the fourth quarter valued at about $3,560,000. Finally, Mutual of America Capital Management LLC boosted its holdings in Ventas by 10.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 86,912 shares of the real estate investment trust’s stock valued at $4,332,000 after acquiring an additional 8,199 shares during the period. 94.18% of the stock is currently owned by institutional investors.

Ventas Company 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.