United Services Automobile Association lessened its holdings in Ventas, Inc. (NYSE:VTR – Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the real estate investment trust’s stock after selling 731 shares during the period. United Services Automobile Association’s holdings in Ventas were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Evoke Wealth LLC acquired a new position in Ventas in the fourth quarter valued at about $6,947,000. Wellington Management Group LLP boosted its position in shares of Ventas by 405.5% during the 4th quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock worth $8,532,000 after purchasing an additional 137,327 shares during the period. GSA Capital Partners LLP acquired a new stake in Ventas in the 1st quarter valued at approximately $1,005,000. Nomura Holdings Inc. acquired a new stake in Ventas in the 4th quarter valued at approximately $3,560,000. Finally, Centersquare Investment Management LLC raised its position in Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after purchasing an additional 802,546 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Stock Performance
Shares of VTR opened at $64.96 on Wednesday. The stock has a 50-day simple moving average of $57.00 and a 200-day simple moving average of $49.88. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $26.84 billion, a PE ratio of -341.88, a PEG ratio of 2.80 and a beta of 1.36. Ventas, Inc. has a 1 year low of $39.33 and a 1 year high of $65.04.
Insider Buying and Selling
In related news, CEO Debra A. Cafaro sold 6,827 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was 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 in the company, valued at $62,360,514.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the completion of the sale, the chief executive officer now owns 986,717 shares in the company, valued at $56,529,016.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Debra A. Cafaro sold 6,827 shares of the business’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 value 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. The disclosure for this sale can be found here. Insiders sold a total of 71,065 shares of company stock worth $4,136,524 over the last 90 days. 1.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on VTR shares. Royal Bank of Canada lifted their price objective on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wolfe Research raised Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush lifted their target price on Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their target price on Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.91.
Check Out Our Latest Research Report on VTR
About Ventas
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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