Great West Life Assurance Co. Can Grows Holdings in Ventas, Inc. (VTR)
Great West Life Assurance Co. Can raised its stake in Ventas, Inc. (NYSE:VTR) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 728,712 shares of the real estate investment trust’s stock after buying an additional 47,280 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Ventas were worth $46,416,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VTR. Cornerstone Advisors Inc. increased its stake in shares of Ventas by 88.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Ventas during the 1st quarter worth $26,000. Heritage Wealth Advisors increased its stake in shares of Ventas by 59.3% during the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the last quarter. Investors Research Corp acquired a new position in shares of Ventas during the 1st quarter worth $32,000. Finally, Rational Advisors LLC acquired a new position in shares of Ventas during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Shares of Ventas stock opened at $65.59 on Friday. The stock has a market cap of $23.27 billion, a P/E ratio of 16.12, a PEG ratio of 8.24 and a beta of 0.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. Ventas, Inc. has a 12-month low of $51.80 and a 12-month high of $65.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be given a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, June 28th. Ventas’s dividend payout ratio (DPR) is currently 77.89%.
Several research analysts have recently commented on VTR shares. ValuEngine lowered shares of Ventas from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Morgan Stanley initiated coverage on shares of Ventas in a report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, Mitsubishi UFJ Financial Group upped their price objective on shares of Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $59.46.
In related news, Director Robert D. Reed sold 3,440 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the completion of the sale, the director now owns 47,709 shares in the company, valued at approximately $3,048,128.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,493 shares of company stock valued at $1,502,970 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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