ExodusPoint Capital Management LP purchased a new stake in Ventas, Inc. (NYSE:VTR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 529,347 shares of the real estate investment trust’s stock, valued at approximately $25,022,000.
A number of other hedge funds have also recently made changes to their positions in VTR. Headlands Technologies LLC bought a new stake in Ventas during the second quarter valued at $26,000. McIlrath & Eck LLC boosted its position in shares of Ventas by 184.4% during the 2nd quarter. McIlrath & Eck LLC now owns 657 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 426 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Ventas during the first quarter worth about $41,000. Resurgent Financial Advisors LLC bought a new position in shares of Ventas in the fourth quarter worth approximately $50,000. Finally, V Square Quantitative Management LLC purchased a new stake in Ventas in the second quarter valued at approximately $59,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Bank of America cut shares of Ventas from a “buy” rating to a “neutral” rating and cut their price target for the stock from $54.00 to $48.00 in a research note on Friday, August 11th. Wedbush raised Ventas from a “neutral” rating to an “outperform” rating and increased their target price for the company from $44.00 to $51.00 in a research note on Tuesday, November 7th. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Royal Bank of Canada cut their price objective on Ventas from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Finally, Morgan Stanley raised their price objective on Ventas from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.
Ventas Trading Up 0.1 %
VTR stock traded up $0.03 during midday trading on Monday, hitting $44.57. The company had a trading volume of 447,577 shares, compared to its average volume of 2,217,320. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 4,458.46, a PEG ratio of 2.14 and a beta of 1.26. Ventas, Inc. has a 52 week low of $39.33 and a 52 week high of $53.15. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $42.69 and its 200 day moving average price is $44.58.
Ventas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 4.04%. Ventas’s dividend payout ratio is currently 18,018.02%.
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns or has investments in a highly diversified portfolio of approximately 1,400 properties in the United States, Canada, and the United Kingdom.
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