Synovus Financial Corp Raises Stock Holdings in Ventas, Inc. (NYSE:VTR)

Synovus Financial Corp lifted its stake in shares of Ventas, Inc. (NYSE:VTR) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,712 shares of the real estate investment trust’s stock after acquiring an additional 1,336 shares during the quarter. Synovus Financial Corp’s holdings in Ventas were worth $815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Friedenthal Financial boosted its position in shares of Ventas by 1,183.7% in the third quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 11,778 shares during the period. Tandem Capital Management Corp ADV lifted its stake in shares of Ventas by 62.1% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock valued at $1,778,000 after buying an additional 10,620 shares in the last quarter. Perpetual Ltd bought a new position in Ventas in the 3rd quarter worth $544,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Ventas by 7.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 332,300 shares of the real estate investment trust’s stock worth $21,310,000 after buying an additional 24,300 shares during the period. Finally, abrdn plc increased its stake in Ventas by 28.7% in the 3rd quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock worth $61,878,000 after buying an additional 214,384 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ventas

In related 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 owns 986,717 shares in the company, valued at approximately $65,291,063.89. This trade represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Ventas Trading Down 0.7 %

VTR stock opened at $59.48 on Tuesday. The firm has a fifty day moving average price of $63.64 and a 200 day moving average price of $59.15. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The firm has a market cap of $24.95 billion, a PE ratio of -349.88, a price-to-earnings-growth ratio of 2.78 and a beta of 1.36. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.03%. Ventas’s payout ratio is currently -1,058.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VTR shares. StockNews.com downgraded Ventas from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho dropped their price target on Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. Evercore ISI boosted their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Scotiabank raised their target price on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.63.

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.