OLD National Bancorp IN Grows Position in Ventas, Inc. (NYSE:VTR)

OLD National Bancorp IN grew its stake in shares of Ventas, Inc. (NYSE:VTR) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,764 shares of the real estate investment trust’s stock after purchasing an additional 6,080 shares during the quarter. OLD National Bancorp IN’s holdings in Ventas were worth $12,176,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in shares of Ventas during the fourth quarter valued at approximately $27,000. Harbor Capital Advisors Inc. raised its holdings in shares of Ventas by 66.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 210 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Ventas during the third quarter valued at approximately $48,000. Morse Asset Management Inc bought a new position in shares of Ventas during the third quarter valued at approximately $64,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Ventas during the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Stock Down 1.9 %

VTR stock opened at $59.68 on Thursday. Ventas, Inc. has a twelve month low of $41.45 and a twelve month high of $67.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39. The business’s 50-day moving average price is $60.18 and its 200-day moving average price is $60.92.

Ventas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 3.02%. Ventas’s dividend payout ratio is presently -1,058.76%.

Analysts Set New Price Targets

A number of equities analysts recently commented on VTR shares. Scotiabank upped their target price on Ventas from $68.00 to $69.00 and gave the company a “sector perform” rating in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $75.00 price objective on shares of Ventas in a report on Thursday, December 19th. Robert W. Baird upgraded Ventas from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $66.00 to $65.00 in a report on Friday, January 17th. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $67.63.

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.