Mirae Asset Global Investments Co. Ltd. Acquires New Position in Ventas, Inc. $VTR

Mirae Asset Global Investments Co. Ltd. bought a new stake in Ventas, Inc. (NYSE:VTR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 136,225 shares of the real estate investment trust’s stock, valued at approximately $11,582,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VTR shares. Jefferies Financial Group decreased their price target on shares of Ventas from $102.00 to $95.00 in a research note on Monday, October 12th. BNP Paribas Exane raised their target price on shares of Ventas from $93.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Argus raised their price objective on Ventas from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Ventas from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Evercore set a $100.00 target price on Ventas and gave the stock an “outperform” rating in a research note on Monday, September 21st. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.41.

Ventas Trading Up 2.5%

Shares of NYSE:VTR opened at $89.17 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $47.16 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.57 and a beta of 0.77. The stock’s 50-day moving average is $86.79 and its 200-day moving average is $86.59. Ventas, Inc. has a 52-week low of $73.82 and a 52-week high of $101.60.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.85). Ventas had a return on equity of 1.86% and a net margin of 3.86%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Ventas’s payout ratio is 392.45%.

Ventas 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.