New York Life Investment Management LLC Increases Holdings in Ventas, Inc. (NYSE:VTR)

New York Life Investment Management LLC raised its stake in Ventas, Inc. (NYSE:VTR) by 72.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,070 shares of the real estate investment trust’s stock after purchasing an additional 50,924 shares during the quarter. New York Life Investment Management LLC’s holdings in Ventas were worth $6,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of Ventas by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 61,041 shares of the real estate investment trust’s stock worth $2,572,000 after purchasing an additional 1,262 shares in the last quarter. Xponance Inc. lifted its position in shares of Ventas by 7.2% during the third quarter. Xponance Inc. now owns 57,116 shares of the real estate investment trust’s stock worth $2,406,000 after purchasing an additional 3,845 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Ventas by 8.1% during the third quarter. Independent Advisor Alliance now owns 12,486 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 937 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Ventas by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 4,015,820 shares of the real estate investment trust’s stock worth $169,186,000 after purchasing an additional 101,313 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Ventas during the third quarter worth $244,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VTR. Evercore ISI raised shares of Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, March 18th. Bank of America raised shares of Ventas from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $53.00 in a research report on Tuesday, January 16th. StockNews.com cut shares of Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $46.00 price target (down from $52.00) on shares of Ventas in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ventas in a report on Tuesday, January 30th. They issued a “buy” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ventas presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

Ventas Price Performance

Shares of NYSE:VTR opened at $46.79 on Friday. The company has a market cap of $18.91 billion, a PE ratio of -246.25, a P/E/G ratio of 2.49 and a beta of 1.25. Ventas, Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $50.99. The firm has a 50-day simple moving average of $43.31 and a 200 day simple moving average of $45.12. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 1.43.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, April 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, March 28th. Ventas’s dividend payout ratio (DPR) is presently -947.32%.

About Ventas

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.