Sumitomo Mitsui DS Asset Management Company Ltd Buys 5,215 Shares of Ventas, Inc. (NYSE:VTR)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Ventas, Inc. (NYSE:VTRGet Rating) by 7.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,822 shares of the real estate investment trust’s stock after acquiring an additional 5,215 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ventas were worth $3,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manning & Napier Group LLC lifted its stake in Ventas by 20.1% in the 2nd quarter. Manning & Napier Group LLC now owns 108,635 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 18,190 shares in the last quarter. Stonnington Group LLC boosted its stake in Ventas by 37.6% during the second quarter. Stonnington Group LLC now owns 8,050 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 2,200 shares in the last quarter. Redpoint Investment Management Pty Ltd boosted its stake in Ventas by 9.8% during the second quarter. Redpoint Investment Management Pty Ltd now owns 39,858 shares of the real estate investment trust’s stock worth $2,050,000 after acquiring an additional 3,553 shares in the last quarter. DnB Asset Management AS boosted its stake in Ventas by 2.2% during the second quarter. DnB Asset Management AS now owns 83,769 shares of the real estate investment trust’s stock worth $4,308,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Ventas by 7.9% during the first quarter. Bank of America Corp DE now owns 1,736,954 shares of the real estate investment trust’s stock worth $107,274,000 after acquiring an additional 126,663 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Ventas Trading Down 1.9 %

Shares of VTR stock opened at $45.52 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.16. The stock has a market cap of $18.19 billion, a P/E ratio of 910.58, a P/E/G ratio of 3.21 and a beta of 1.15. Ventas, Inc. has a fifty-two week low of $45.44 and a fifty-two week high of $64.02. The business has a fifty day simple moving average of $49.83 and a 200-day simple moving average of $54.09.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 3.95%. Ventas’s payout ratio is currently 3,600.72%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com raised shares of Ventas from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ventas from $65.00 to $63.00 in a research report on Friday, September 16th. KeyCorp dropped their price target on shares of Ventas from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Raymond James dropped their price target on shares of Ventas from $60.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 31st. Finally, Credit Suisse Group assumed coverage on shares of Ventas in a research report on Wednesday, June 22nd. They set an “outperform” rating and a $63.00 target price for the company. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ventas presently has an average rating of “Moderate Buy” and an average target price of $61.00.

About Ventas

(Get Rating)

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

Further Reading

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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