Assetmark Inc. Grows Stake in Ventas, Inc. (NYSE:VTR)

Assetmark Inc. boosted its stake in Ventas, Inc. (NYSE:VTR) by 61.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,755 shares of the real estate investment trust’s stock after buying an additional 26,133 shares during the quarter. Assetmark Inc.’s holdings in Ventas were worth $4,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Townsend & Associates Inc boosted its stake in shares of Ventas by 1.6% in the third quarter. Townsend & Associates Inc now owns 45,835 shares of the real estate investment trust’s stock worth $3,019,000 after acquiring an additional 710 shares during the last quarter. Ascent Wealth Partners LLC acquired a new position in Ventas during the third quarter worth about $1,147,000. Hanseatic Management Services Inc. purchased a new stake in Ventas during the 3rd quarter valued at about $74,000. Global Wealth Management Investment Advisory Inc. raised its holdings in Ventas by 7.2% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 11,301 shares of the real estate investment trust’s stock valued at $725,000 after acquiring an additional 756 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Ventas in the 3rd quarter worth approximately $2,098,000. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Ventas Stock Performance

NYSE:VTR opened at $64.48 on Wednesday. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $64.09 and a 200 day moving average price of $56.40. The stock has a market capitalization of $27.04 billion, a P/E ratio of -379.29, a PEG ratio of 2.89 and a beta of 1.36.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.79%. Ventas’s payout ratio is presently -1,058.82%.

Insider Activity at Ventas

In other Ventas news, CEO Debra A. Cafaro sold 121,248 shares of Ventas stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,291,063.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Debra A. Cafaro sold 6,827 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $62,360,514.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 121,248 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total value of $8,022,980.16. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $65,291,063.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,454 shares of company stock worth $9,263,815. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Scotiabank raised their price objective on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.63.

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.