Allspring Global Investments Holdings LLC Buys 558 Shares of Ventas, Inc. (NYSE:VTR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Ventas, Inc. (NYSE:VTR) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,421 shares of the real estate investment trust’s stock after purchasing an additional 558 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ventas were worth $1,310,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. First Community Trust NA acquired a new position in Ventas during the second quarter worth $25,000. ORG Partners LLC bought a new position in shares of Ventas in the 2nd quarter valued at about $27,000. EdgeRock Capital LLC acquired a new position in shares of Ventas during the 2nd quarter worth about $41,000. Friedenthal Financial bought a new stake in shares of Ventas in the 2nd quarter valued at about $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ventas in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

Analysts Set New Price Targets

VTR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. StockNews.com cut Ventas from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Royal Bank of Canada lifted their price objective on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Wedbush lifted their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.63.

Ventas Price Performance

Shares of Ventas stock opened at $66.49 on Thursday. The company has a 50-day simple moving average of $63.48 and a two-hundred day simple moving average of $55.10. Ventas, Inc. has a twelve month low of $41.45 and a twelve month high of $66.98. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of -166.22, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.74). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts forecast that Ventas, Inc. will post 3.18 EPS for the current year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 2.71%. Ventas’s dividend payout ratio is presently -449.99%.

Insider Transactions at Ventas

In related news, CEO Debra A. Cafaro sold 6,004 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $66.11, for a total value of $396,924.44. Following the completion of the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at $65,231,860.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Debra A. Cafaro sold 6,004 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $66.11, for a total value of $396,924.44. Following the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,285 shares of company stock valued at $4,714,361. 1.00% of the stock is owned by corporate insiders.

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.