Old North State Wealth Management LLC Sells 66,934 Shares of Ventas, Inc. (NYSE:VTR)

Old North State Wealth Management LLC lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 63.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,943 shares of the real estate investment trust’s stock after selling 66,934 shares during the period. Old North State Wealth Management LLC’s holdings in Ventas were worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VTR. E. Ohman J or Asset Management AB raised its position in Ventas by 19.5% in the 4th quarter. E. Ohman J or Asset Management AB now owns 18,990 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 3,100 shares during the period. Mather Group LLC. grew its stake in shares of Ventas by 13.6% during the fourth quarter. Mather Group LLC. now owns 2,467 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 295 shares during the last quarter. abrdn plc raised its holdings in shares of Ventas by 13.6% in the fourth quarter. abrdn plc now owns 1,092,561 shares of the real estate investment trust’s stock worth $64,051,000 after buying an additional 131,202 shares during the period. KPP Advisory Services LLC bought a new stake in shares of Ventas during the 4th quarter worth approximately $292,000. Finally, Spire Wealth Management boosted its holdings in Ventas by 22.9% during the 4th quarter. Spire Wealth Management now owns 2,546 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 474 shares during the period. 94.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VTR shares. Wedbush reiterated an “outperform” rating and set a $75.00 price objective on shares of Ventas in a report on Thursday, December 19th. Mizuho lowered their target price on Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank lifted their price target on Ventas from $68.00 to $69.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird upgraded Ventas from a “neutral” rating to an “outperform” rating and cut their target price for the company from $66.00 to $65.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $68.71.

Ventas Trading Down 1.9 %

Shares of NYSE VTR opened at $60.20 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. Ventas, Inc. has a one year low of $41.45 and a one year high of $67.61. The firm has a fifty day moving average of $59.90 and a 200 day moving average of $61.12.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 2.99%. Ventas’s dividend payout ratio (DPR) is presently -1,058.76%.

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.