Mirae Asset Global Investments Co. Ltd. Buys 9,010 Shares of Ventas, Inc. (NYSE:VTR)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,481 shares of the real estate investment trust's stock after acquiring an additional 9,010 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Ventas were worth $4,962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spirit of America Management Corp NY raised its holdings in shares of Ventas by 9.6% in the fourth quarter. Spirit of America Management Corp NY now owns 11,450 shares of the real estate investment trust's stock valued at $674,000 after buying an additional 1,000 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Ventas by 1.9% in the fourth quarter. Retirement Systems of Alabama now owns 329,763 shares of the real estate investment trust's stock valued at $19,420,000 after buying an additional 6,213 shares during the last quarter. E. Ohman J or Asset Management AB raised its holdings in shares of Ventas by 19.5% in the fourth quarter. E. Ohman J or Asset Management AB now owns 18,990 shares of the real estate investment trust's stock valued at $1,118,000 after buying an additional 3,100 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Ventas by 13.6% in the fourth quarter. Mather Group LLC. now owns 2,467 shares of the real estate investment trust's stock valued at $145,000 after buying an additional 295 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of Ventas by 13.6% in the fourth quarter. abrdn plc now owns 1,092,561 shares of the real estate investment trust's stock valued at $64,051,000 after buying an additional 131,202 shares during the last quarter. 94.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Robert W. Baird raised Ventas from a "neutral" rating to an "outperform" rating and dropped their price objective for the stock from $66.00 to $65.00 in a report on Friday, January 17th. Scotiabank boosted their price objective on Ventas from $68.00 to $69.00 and gave the stock a "sector perform" rating in a report on Monday, January 27th. Baird R W raised Ventas from a "hold" rating to a "strong-buy" rating in a report on Friday, January 17th. Finally, Wedbush reissued an "outperform" rating and set a $75.00 price objective on shares of Ventas in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $68.71.

Ventas Trading Up 0.7 %

Shares of Ventas stock traded up $0.41 during trading on Wednesday, hitting $59.98. 3,215,671 shares of the company were exchanged, compared to its average volume of 2,397,319. The firm has a market capitalization of $25.16 billion, a P/E ratio of -352.80, a price-to-earnings-growth ratio of 2.62 and a beta of 1.37. Ventas, Inc. has a 1-year low of $41.45 and a 1-year high of $67.61. The firm's fifty day moving average price is $59.49 and its 200 day moving average price is $61.41. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04.

Ventas (NYSE:VTR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.83. Ventas had a negative return on equity of 0.69% and a negative net margin of 1.38%. As a group, sell-side analysts expect that Ventas, Inc. will post 3.16 earnings per share for the current fiscal year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 3.00%. Ventas's payout ratio is currently -1,058.76%.

Ventas Company 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.