The Manufacturers Life Insurance Company cut its stake in shares of Ventas, Inc. (NYSE:VTR – Get Rating) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309,134 shares of the real estate investment trust’s stock after selling 21,069 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Ventas worth $12,418,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its stake in shares of Ventas by 0.8% during the second quarter. State Street Corp now owns 29,288,200 shares of the real estate investment trust’s stock worth $1,519,055,000 after purchasing an additional 242,767 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ventas by 4.6% during the second quarter. JPMorgan Chase & Co. now owns 24,284,368 shares of the real estate investment trust’s stock worth $1,248,946,000 after purchasing an additional 1,075,428 shares during the period. Principal Financial Group Inc. grew its stake in shares of Ventas by 1.3% during the second quarter. Principal Financial Group Inc. now owns 17,378,124 shares of the real estate investment trust’s stock worth $893,758,000 after purchasing an additional 222,324 shares during the period. Deutsche Bank AG grew its stake in shares of Ventas by 20.3% during the second quarter. Deutsche Bank AG now owns 5,796,815 shares of the real estate investment trust’s stock worth $298,129,000 after purchasing an additional 979,716 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Ventas by 3.0% during the second quarter. Legal & General Group Plc now owns 5,632,428 shares of the real estate investment trust’s stock worth $289,677,000 after purchasing an additional 161,769 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Robert W. Baird cut Ventas from an “outperform” rating to a “neutral” rating in a research note on Monday, October 10th. KeyCorp decreased their target price on Ventas from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, October 10th. Credit Suisse Group decreased their target price on Ventas from $63.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, November 1st. Mizuho decreased their target price on Ventas from $61.00 to $60.00 in a research note on Friday, December 2nd. Finally, Morgan Stanley boosted their target price on Ventas from $44.50 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.85.
Ventas Price Performance
Shares of Ventas stock opened at $50.75 on Friday. The stock’s 50-day moving average is $46.52 and its 200-day moving average is $45.87. Ventas, Inc. has a one year low of $35.33 and a one year high of $64.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.63 and a current ratio of 0.63.
Ventas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Tuesday, January 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.55%. Ventas’s dividend payout ratio (DPR) is -1,636.36%.
Ventas Company Profile
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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 operates 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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