Martingale Asset Management L P Acquires 798 Shares of Ventas, Inc. (VTR)

Martingale Asset Management L P grew its position in shares of Ventas, Inc. (NYSE:VTR) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,717 shares of the real estate investment trust’s stock after buying an additional 798 shares during the quarter. Martingale Asset Management L P’s holdings in Ventas were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Federated Investors Inc. PA grew its stake in Ventas by 8.3% during the third quarter. Federated Investors Inc. PA now owns 7,017,756 shares of the real estate investment trust’s stock worth $381,626,000 after buying an additional 539,088 shares during the last quarter. Carnegie Capital Asset Management LLC grew its stake in Ventas by 26.5% during the third quarter. Carnegie Capital Asset Management LLC now owns 7,386 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 1,546 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Ventas by 21.5% during the third quarter. Belpointe Asset Management LLC now owns 7,809 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 1,384 shares during the last quarter. Legal & General Group Plc grew its stake in Ventas by 1.5% during the third quarter. Legal & General Group Plc now owns 2,684,214 shares of the real estate investment trust’s stock worth $145,967,000 after buying an additional 40,897 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its stake in Ventas by 11.1% during the third quarter. Standard Life Aberdeen plc now owns 1,551,868 shares of the real estate investment trust’s stock worth $84,398,000 after buying an additional 155,287 shares during the last quarter. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP T Richard Riney sold 15,676 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $65.00, for a total transaction of $1,018,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Several brokerages have weighed in on VTR. Scotiabank began coverage on shares of Ventas in a research note on Monday, December 10th. They set a “sector perform” rating and a $66.00 price objective on the stock. ValuEngine raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research cut shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Royal Bank of Canada cut shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective on the stock. in a research note on Friday, November 2nd. Finally, Stifel Nicolaus set a $55.00 price objective on shares of Ventas and gave the stock a “hold” rating in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $57.07.

VTR opened at $60.12 on Friday. Ventas, Inc. has a one year low of $46.55 and a one year high of $65.70. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00. The company has a market cap of $20.75 billion, a PE ratio of 14.45, a P/E/G ratio of 4.48 and a beta of 0.17.

Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The business had revenue of $936.54 million for the quarter, compared to analysts’ expectations of $920.19 million. During the same period in the prior year, the firm earned $1.71 earnings per share. Ventas’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Ventas, Inc. will post 4.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.7925 per share. This is a boost from Ventas’s previous quarterly dividend of $0.79. This represents a $3.17 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Monday, December 31st. Ventas’s dividend payout ratio is 76.20%.

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Ventas Company Profile

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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