68,312 Ventas, Inc. $VTR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Ventas, Inc. (NYSE:VTR) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,982,847 shares of the real estate investment trust’s stock after selling 68,312 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.39% of Ventas worth $168,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Angeles Wealth Management LLC boosted its stake in shares of Ventas by 3.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,439 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 110 shares during the last quarter. 1834 Investment Advisors Co. grew its holdings in shares of Ventas by 0.8% in the 3rd quarter. 1834 Investment Advisors Co. now owns 15,149 shares of the real estate investment trust’s stock valued at $1,288,000 after acquiring an additional 120 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Ventas by 18.7% in the third quarter. Versant Capital Management Inc now owns 933 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Ventas by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock valued at $1,054,000 after acquiring an additional 148 shares during the last quarter. Finally, Eastern Bank raised its holdings in Ventas by 5.0% during the third quarter. Eastern Bank now owns 3,230 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 155 shares in the last quarter. 94.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on VTR shares. Wells Fargo & Company reduced their price target on Ventas from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Citigroup boosted their price target on Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on Ventas from $94.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group cut their price objective on Ventas from $102.00 to $95.00 in a report on Monday, October 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ventas in a research note on Monday, October 19th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.59.

Ventas Price Performance

NYSE:VTR opened at $84.69 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is $87.14 and its two-hundred day moving average price is $86.43. The firm has a market capitalization of $44.79 billion, a price-to-earnings ratio of 159.80, a P/E/G ratio of 3.31 and a beta of 0.77. Ventas, Inc. has a 12-month low of $72.66 and a 12-month high of $101.60.

Ventas (NYSE:VTR) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.85). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Ventas had a return on equity of 1.86% and a net margin of 3.86%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, analysts anticipate that Ventas, Inc. will post 3.89 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Ventas’s payout ratio is 392.45%.

Ventas Company Profile

Ventas, Inc (NYSE: VTR) is a real estate investment trust focused on healthcare and senior housing properties. The company owns, manages and develops a diversified portfolio of healthcare-related real estate, including senior living communities, medical office buildings, life science and innovation centers, and other properties serving healthcare providers and institutions.

Ventas generally leases its properties to healthcare operators, physicians, health systems, universities and research organizations.