Makena Capital Management LLC Reduces Stake in Ventas, Inc. (NYSE:VTR)

Makena Capital Management LLC trimmed its position in shares of Ventas, Inc. (NYSE:VTR) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 137,446 shares of the real estate investment trust’s stock after selling 3,395 shares during the quarter. Ventas comprises approximately 2.1% of Makena Capital Management LLC’s holdings, making the stock its 29th biggest position. Makena Capital Management LLC’s holdings in Ventas were worth $8,814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VTR. PNC Financial Services Group Inc. grew its position in shares of Ventas by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 1,177 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Ventas during the 3rd quarter valued at $1,365,000. Fifth Third Wealth Advisors LLC grew its holdings in Ventas by 42.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 1,615 shares during the last quarter. Caprock Group LLC purchased a new position in Ventas during the third quarter worth $224,000. Finally, MAI Capital Management raised its holdings in shares of Ventas by 5.1% in the third quarter. MAI Capital Management now owns 15,969 shares of the real estate investment trust’s stock worth $1,024,000 after acquiring an additional 782 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Insider Activity at Ventas

In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value 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 represents a 6.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Debra A. Cafaro sold 121,248 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total transaction of $8,022,980.16. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,291,063.89. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,454 shares of company stock worth $9,263,815. Company insiders own 1.00% of the company’s stock.

Ventas Price Performance

Shares of NYSE:VTR opened at $64.11 on Thursday. The business has a 50-day moving average of $64.16 and a two-hundred day moving average of $57.26. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61.

Ventas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, October 1st. Ventas’s dividend payout ratio (DPR) is presently -1,058.76%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wolfe Research upgraded Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Wedbush boosted their price objective on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ventas has a consensus rating of “Moderate Buy” and an average 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.