CANADA LIFE ASSURANCE Co Buys 95,717 Shares of Ventas, Inc. (NYSE:VTR)

by · The Cerbat Gem

CANADA LIFE ASSURANCE Co raised its stake in Ventas, Inc. (NYSE:VTR – Free Report) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 951,076 shares of the real estate investment trust’s stock after buying an additional 95,717 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Ventas were worth $55,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTR. Morse Asset Management Inc acquired a new position in Ventas during the third quarter valued at approximately $64,000. Stifel Financial Corp raised its stake in Ventas by 6.1% during the 3rd quarter. Stifel Financial Corp now owns 34,593 shares of the real estate investment trust’s stock worth $2,219,000 after buying an additional 1,985 shares during the period. MML Investors Services LLC lifted its holdings in Ventas by 15.6% during the third quarter. MML Investors Services LLC now owns 19,976 shares of the real estate investment trust’s stock worth $1,281,000 after acquiring an additional 2,690 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Ventas by 29.1% in the third quarter. Sanctuary Advisors LLC now owns 32,455 shares of the real estate investment trust’s stock valued at $2,063,000 after acquiring an additional 7,307 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Ventas by 18.4% in the third quarter. Tidal Investments LLC now owns 9,952 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Wells Fargo & Company upped their target price on shares of Ventas from $72.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on Ventas from $71.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th. Finally, Mizuho lifted their target price on Ventas from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.90.

View Our Latest Analysis on VTR

Ventas Trading Up 0.2 %

NYSE VTR opened at $67.79 on Friday. Ventas, Inc. has a 12 month low of $42.05 and a 12 month high of $71.36. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average of $67.05 and a 200-day moving average of $63.56. The company has a market cap of $29.67 billion, a PE ratio of 356.82, a PEG ratio of 2.59 and a beta of 1.02.

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

Ventas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, March 31st. This is an increase from Ventas’s previous quarterly dividend of $0.45. Ventas’s payout ratio is 1,010.53%.

Insider Buying and Selling at Ventas

In related news, CEO Debra A. Cafaro sold 214,679 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $68.22, for a total transaction of $14,645,401.38. Following the transaction, the chief executive officer now directly owns 1,138,143 shares of the company’s stock, valued at approximately $77,644,115.46. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gregory R. Liebbe sold 3,866 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $63.00, for a total value of $243,558.00. Following the sale, the chief accounting officer now directly owns 11,371 shares of the company’s stock, valued at $716,373. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 304,778 shares of company stock worth $20,934,891 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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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