The Manufacturers Life Insurance Company increased its holdings in Ventas, Inc. (NYSE:VTR) by 19.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 387,725 shares of the real estate investment trust’s stock after buying an additional 64,014 shares during the period. The Manufacturers Life Insurance Company owned about 0.11% of Ventas worth $19,205,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Centersquare Investment Management LLC purchased a new position in shares of Ventas in the first quarter worth approximately $97,173,000. Renaissance Technologies LLC grew its position in Ventas by 2,469.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,020,002 shares of the real estate investment trust’s stock valued at $61,210,000 after purchasing an additional 980,302 shares in the last quarter. BlackRock Inc. grew its position in Ventas by 2.1% during the first quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock valued at $1,911,493,000 after purchasing an additional 795,890 shares in the last quarter. Standard Life Aberdeen plc grew its position in Ventas by 178.5% during the fourth quarter. Standard Life Aberdeen plc now owns 1,170,770 shares of the real estate investment trust’s stock valued at $70,263,000 after purchasing an additional 750,316 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Ventas in the fourth quarter valued at approximately $38,798,000. 84.35% of the stock is owned by institutional investors and hedge funds.
Ventas traded up $0.30, hitting $56.95, during mid-day trading on Friday, MarketBeat.com reports. 2,998,334 shares of the company’s stock traded hands, compared to its average volume of 1,998,317. Ventas, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $70.18. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 3.77 and a beta of 0.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Monday, July 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Friday, June 29th. Ventas’s dividend payout ratio is presently 75.96%.
In related news, Chairman Debra A. Cafaro sold 15,439 shares of Ventas stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $55.00, for a total value of $849,145.00. Following the transaction, the chairman now directly owns 759,606 shares of the company’s stock, valued at $41,778,330. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Debra A. Cafaro sold 15,505 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $55.00, for a total value of $852,775.00. Following the completion of the transaction, the chairman now directly owns 759,672 shares in the company, valued at $41,781,960. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,851 shares of company stock worth $3,559,027. Company insiders own 1.40% of the company’s stock.
VTR has been the subject of a number of analyst reports. KeyCorp reduced their target price on shares of Ventas from $50.00 to $43.00 and set an “underweight” rating for the company in a research note on Monday, April 16th. Zacks Investment Research upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. Deutsche Bank cut their target price on shares of Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, March 19th. BMO Capital Markets reissued a “sell” rating and issued a $51.00 price target on shares of Ventas in a report on Tuesday, March 27th. Finally, TheStreet lowered shares of Ventas from a “b-” rating to a “c+” rating in a report on Thursday, March 8th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Ventas has a consensus rating of “Hold” and a consensus target price of $56.85.
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.
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