Mackenzie Financial Corp Sells 24,456 Shares of Ventas, Inc. (NYSE:VTR)

Mackenzie Financial Corp lessened its position in Ventas, Inc. (NYSE:VTR) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,413 shares of the real estate investment trust’s stock after selling 24,456 shares during the period. Mackenzie Financial Corp’s holdings in Ventas were worth $10,537,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. grew its holdings in Ventas by 1.7% in the 1st quarter. Baird Financial Group Inc. now owns 13,395 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 222 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Ventas by 14.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,954 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 249 shares during the period. Equitable Holdings Inc. lifted its position in shares of Ventas by 6.0% in the 1st quarter. Equitable Holdings Inc. now owns 4,387 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 249 shares during the period. Capital Square LLC lifted its position in shares of Ventas by 2.5% in the 3rd quarter. Capital Square LLC now owns 10,569 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 253 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Ventas by 23.7% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,360 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 261 shares during the period. Institutional investors own 94.18% of the company’s stock.

Ventas Stock Up 1.1 %

Shares of Ventas stock opened at $43.13 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $17.43 billion, a PE ratio of -392.06, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. Ventas, Inc. has a 52-week low of $39.33 and a 52-week high of $50.99. The company has a 50-day simple moving average of $43.34 and a two-hundred day simple moving average of $44.96.

Ventas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, April 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.17%. The ex-dividend date was Thursday, March 28th. Ventas’s dividend payout ratio is currently -1,636.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VTR shares. StockNews.com cut shares of Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ventas in a research report on Tuesday, January 30th. They issued a “buy” rating and a $60.00 target price for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $46.00 price target (down from $52.00) on shares of Ventas in a research report on Monday, February 26th. Mizuho lifted their price target on shares of Ventas from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, Bank of America raised shares of Ventas from a “neutral” rating to a “buy” rating and lifted their price target for the company from $48.00 to $53.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.54.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.