Ventas, Inc. (NYSE:VTR) Stake Increased by Rafferty Asset Management LLC
Rafferty Asset Management LLC Increases Stake in Ventas, Inc. (NYSE:VTR)
Rafferty Asset Management LLC has recently increased its stake in Ventas, Inc. by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm now owns 53,964 shares of the real estate investment trust’s stock, worth $2,690,000 after purchasing an additional 9,010 shares during the period.
Other hedge funds have also made modifications to their holdings of the company. Evoke Wealth LLC bought a new position in Ventas in the fourth quarter, while International Assets Investment Management LLC and Mutual of America Capital Management LLC increased their positions in the company. Lincluden Management Ltd. also bought a new position in Ventas, while SG Americas Securities LLC increased its position by 114.9% in the fourth quarter. Overall, institutional investors now own 94.18% of the company’s stock.
Ventas’ stock opened at $49.71 on Friday, with a 50-day moving average price of $45.91 and a 200-day moving average price of $46.08. The company has a 12-month low of $39.33 and a 12-month high of $50.99, with a debt-to-equity ratio of 1.43.
In addition to the stake increase, Ventas also announced a quarterly dividend to be paid on Thursday, July 18th. Stockholders of record on Monday, July 1st will receive a dividend of $0.45 per share, representing a $1.80 dividend on an annualized basis and a dividend yield of 3.62%.
Analysts have recently weighed in on Ventas’ stock, with Evercore ISI raising the company from an “in-line” rating to an “outperform” rating. Scotiabank also raised their price objective on Ventas, while StockNews.com lowered their rating. Wells Fargo & Company raised their price objective on Ventas and gave the company an “equal weight” rating.
In insider activity, CAO Gregory R. Liebbe and Director Walter C. Rakowich both sold shares of Ventas stock in separate transactions. Over the last three months, insiders have sold 35,270 shares of company stock valued at $1,672,966.
Ventas Inc. is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by providing exceptional environments for the aging population. The company’s growth is driven by its senior housing communities, which offer valuable services to residents.
For more information on Ventas and its latest news and analyst ratings, visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).