APG Asset Management N.V. grew its holdings in shares of Ventas, Inc. (NYSE:VTR) by 21.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 101,960 shares of the real estate investment trust’s stock after buying an additional 17,900 shares during the period. APG Asset Management N.V.’s holdings in Ventas were worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFM Investors Pty Ltd acquired a new position in Ventas during the 3rd quarter worth approximately $647,000. Intl Fcstone Inc. acquired a new position in Ventas during the 2nd quarter worth approximately $691,000. Janus Henderson Group PLC increased its position in Ventas by 83.9% during the 3rd quarter. Janus Henderson Group PLC now owns 178,980 shares of the real estate investment trust’s stock worth $11,655,000 after purchasing an additional 81,667 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Ventas by 9.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,965 shares of the real estate investment trust’s stock worth $1,886,000 after purchasing an additional 2,600 shares during the period. Finally, UMB Bank N A MO increased its position in Ventas by 8.0% during the 4th quarter. UMB Bank N A MO now owns 197,132 shares of the real estate investment trust’s stock worth $11,830,000 after purchasing an additional 14,671 shares during the period. Institutional investors own 90.29% of the company’s stock.
Several research firms have issued reports on VTR. Capital One Financial upgraded Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. BMO Capital Markets reiterated a “sell” rating and set a $62.00 target price on shares of Ventas in a research report on Wednesday, October 18th. SunTrust Banks set a $59.00 target price on Ventas and gave the stock a “hold” rating in a research report on Monday, January 22nd. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Ventas in a research report on Monday, December 4th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.11.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. This is a positive change from Ventas’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, December 29th. This represents a $3.16 annualized dividend and a dividend yield of 5.98%. Ventas’s payout ratio is 188.10%.
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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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