PGGM Investments increased its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 207.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,185 shares of the real estate investment trust's stock after buying an additional 6,201 shares during the quarter. PGGM Investments' holdings in Ventas were worth $541,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in 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 worth $1,767,261,000 after purchasing an additional 599,600 shares in the last quarter. State Street Corp increased its holdings in Ventas by 2.2% during 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 purchasing an additional 581,870 shares in the last quarter. FMR LLC increased its holdings in Ventas by 4.4% during the 3rd quarter. FMR LLC now owns 23,364,810 shares of the real estate investment trust's stock worth $1,498,385,000 after purchasing an additional 982,795 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ventas by 2.4% during 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 purchasing an additional 245,922 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Ventas by 105.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust's stock worth $347,605,000 after purchasing an additional 2,778,408 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have commented on VTR shares. 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 decreased their price objective for the stock from $66.00 to $65.00 in a report on Friday, January 17th. Argus set a $75.00 price objective on Ventas in a report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on Ventas from $71.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, March 7th. Finally, Royal Bank of Canada upped their target price on Ventas from $70.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $72.90.
Check Out Our Latest Stock Report on VTR
Insider Buying and Selling at Ventas
In other Ventas news, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 388 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $71.00, for a total value of $27,548.00. Following the transaction, the chief executive officer now directly owns 1,128,143 shares of the company's stock, valued at approximately $80,098,153. This trade represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 260,227 shares of company stock valued at $17,769,097. Company insiders own 1.00% of the company's stock.
Ventas Stock Performance
Shares of VTR stock traded down $0.62 during trading on Wednesday, hitting $67.57. The company's stock had a trading volume of 2,808,390 shares, compared to its average volume of 2,783,474. The business has a fifty day moving average of $63.44 and a 200-day moving average of $63.00. Ventas, Inc. has a 52 week low of $41.45 and a 52 week high of $71.04. The company has a market cap of $29.54 billion, a PE ratio of 355.65, a P/E/G ratio of 2.59 and a beta of 1.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25.
Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. As a group, research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current year.
Ventas Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.84%. This is a positive change from Ventas's previous quarterly dividend of $0.45. The ex-dividend date is Monday, March 31st. Ventas's dividend payout ratio is 1,010.53%.
Ventas Profile
(
Free Report)
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.
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