Cornercap Investment Counsel Inc. lifted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,285 shares of the real estate investment trust’s stock after purchasing an additional 1,400 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Ventas were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in VTR. Capital International Investors increased its holdings in shares of Ventas by 40.9% during the third quarter. Capital International Investors now owns 4,141,700 shares of the real estate investment trust’s stock worth $269,749,000 after purchasing an additional 1,202,900 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ventas by 2,469.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,020,002 shares of the real estate investment trust’s stock worth $61,210,000 after purchasing an additional 980,302 shares during the period. Standard Life Aberdeen plc increased its stake in Ventas by 178.5% in the fourth quarter. Standard Life Aberdeen plc now owns 1,170,770 shares of the real estate investment trust’s stock valued at $70,263,000 after acquiring an additional 750,316 shares during the last quarter. Cohen & Steers Inc. increased its stake in Ventas by 8.6% in the third quarter. Cohen & Steers Inc. now owns 6,895,293 shares of the real estate investment trust’s stock valued at $449,090,000 after acquiring an additional 545,504 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Ventas by 1.3% in the fourth quarter. BlackRock Inc. now owns 37,796,715 shares of the real estate investment trust’s stock valued at $2,268,180,000 after acquiring an additional 468,516 shares during the last quarter. 88.83% of the stock is currently owned by institutional investors.
Ventas, Inc. (VTR) opened at $50.38 on Tuesday. The stock has a market cap of $17,950.00, a price-to-earnings ratio of 29.99, a P/E/G ratio of 3.24 and a beta of 0.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. Ventas, Inc. has a fifty-two week low of $47.97 and a fifty-two week high of $72.36.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 6.27%. The ex-dividend date is Thursday, March 29th. Ventas’s dividend payout ratio (DPR) is currently 188.10%.
A number of brokerages have weighed in on VTR. UBS Group lowered shares of Ventas from a “market perform” rating to an “underperform” rating in a research report on Monday, December 4th. Zacks Investment Research lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Raymond James Financial restated an “underperform” rating on shares of Ventas in a research report on Monday, December 4th. BMO Capital Markets set a $55.00 target price on shares of Ventas and gave the company a “sell” rating in a research report on Monday, January 15th. Finally, KeyCorp set a $50.00 target price on shares of Ventas and gave the company a “sell” rating in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.31.
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Ventas Company Profile
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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