Elo Mutual Pension Insurance Co Purchases 6,903 Shares of Ventas, Inc. (NYSE:VTR)

Elo Mutual Pension Insurance Co raised its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,857 shares of the real estate investment trust's stock after buying an additional 6,903 shares during the period. Elo Mutual Pension Insurance Co's holdings in Ventas were worth $2,524,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Ventas by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 66,501,010 shares of the real estate investment trust's stock worth $3,916,244,000 after buying an additional 912,813 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Ventas by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,557,480 shares of the real estate investment trust's stock valued at $1,767,261,000 after buying an additional 599,600 shares in the last quarter. State Street Corp grew its position in shares of Ventas by 2.2% in the 3rd quarter. State Street Corp now owns 26,671,227 shares of the real estate investment trust's stock worth $1,710,426,000 after buying an additional 581,870 shares during the period. Geode Capital Management LLC increased its stake in shares of Ventas by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,411,293 shares of the real estate investment trust's stock worth $665,559,000 after acquiring an additional 245,922 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Ventas by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,028,015 shares of the real estate investment trust's stock valued at $296,100,000 after acquiring an additional 123,937 shares during the period. Institutional investors own 94.18% of the company's stock.

Remove Ads

Ventas Stock Performance

Shares of NYSE VTR traded up $0.17 during midday trading on Wednesday, hitting $69.44. 1,547,192 shares of the stock traded hands, compared to its average volume of 2,585,044. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. Ventas, Inc. has a one year low of $41.45 and a one year high of $71.04. The firm has a market capitalization of $30.35 billion, a P/E ratio of 364.96, a PEG ratio of 2.59 and a beta of 1.37. The firm has a 50-day moving average of $65.37 and a two-hundred day moving average of $63.31.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. On average, equities analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.77%. This is a positive change from Ventas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, March 31st. Ventas's dividend payout ratio is currently 1,010.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VTR shares. Baird R W raised shares of Ventas from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. Mizuho lifted their price objective on Ventas from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. increased their target price on Ventas from $71.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, March 7th. Scotiabank lifted their price target on Ventas from $69.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada increased their price objective on shares of Ventas from $70.00 to $74.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.90.

Insiders Place Their Bets

In related news, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $63.00, for a total transaction of $243,558.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,371 shares of the company's stock, valued at approximately $716,373. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 388 shares of Ventas stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $71.00, for a total value of $27,548.00. Following the completion of the sale, the chief executive officer now directly owns 1,128,143 shares in the company, valued at approximately $80,098,153. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 260,227 shares of company stock worth $17,769,097 over the last three months. 1.00% of the stock is currently owned by company insiders.

Ventas Profile

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.