Balboa Wealth Partners Acquires 2,347 Shares of Ventas, Inc. (NYSE:VTR)

Balboa Wealth Partners boosted its holdings in Ventas, Inc. (NYSE:VTR) by 44.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,617 shares of the real estate investment trust’s stock after acquiring an additional 2,347 shares during the quarter. Balboa Wealth Partners’ holdings in Ventas were worth $488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VTR. Janney Montgomery Scott LLC lifted its holdings in shares of Ventas by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,361 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 1,151 shares during the period. Empowered Funds LLC lifted its holdings in shares of Ventas by 25.1% during the 1st quarter. Empowered Funds LLC now owns 5,388 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 1,082 shares during the period. US Bancorp DE lifted its holdings in shares of Ventas by 18.0% during the 1st quarter. US Bancorp DE now owns 18,086 shares of the real estate investment trust’s stock valued at $787,000 after buying an additional 2,760 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Ventas by 49.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 176,513 shares of the real estate investment trust’s stock valued at $7,685,000 after buying an additional 58,413 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Ventas by 1.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 563,811 shares of the real estate investment trust’s stock valued at $24,299,000 after buying an additional 10,597 shares during the period. 94.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VTR shares. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Scotiabank upped their price objective on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. Evercore ISI upped their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wedbush upped their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ventas currently has an average rating of “Moderate Buy” and a consensus price target of $63.63.

Ventas Trading Up 0.2 %

Shares of VTR stock opened at $63.60 on Friday. Ventas, Inc. has a 52-week low of $41.45 and a 52-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 firm has a market capitalization of $26.67 billion, a PE ratio of -374.10, a PEG ratio of 2.98 and a beta of 1.36. The stock has a fifty day simple moving average of $64.19 and a two-hundred day simple moving average of $56.65.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders 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 yield of 2.83%. Ventas’s payout ratio is presently -1,058.76%.

Insiders Place Their Bets

In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. This trade represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $63.20, for a total value of $431,466.40. Following the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $62,360,514.40. The trade was a 0.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,454 shares of company stock worth $9,263,815. Corporate insiders own 1.00% of the company’s stock.

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.