Mackenzie Financial Corp Grows Stock Holdings in Ventas, Inc. (NYSE:VTR)

Mackenzie Financial Corp lifted its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 555,525 shares of the real estate investment trust's stock after purchasing an additional 54,164 shares during the quarter. Mackenzie Financial Corp owned 0.13% of Ventas worth $38,198,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VTR. Northern Trust Corp lifted its stake in Ventas by 60.8% during the fourth quarter. Northern Trust Corp now owns 6,207,553 shares of the real estate investment trust's stock worth $365,563,000 after purchasing an additional 2,347,705 shares during the last quarter. Rush Island Management LP lifted its stake in Ventas by 130.6% during the fourth quarter. Rush Island Management LP now owns 3,097,830 shares of the real estate investment trust's stock worth $182,431,000 after purchasing an additional 1,754,494 shares during the last quarter. Marshall Wace LLP lifted its stake in Ventas by 1,489.5% during the fourth quarter. Marshall Wace LLP now owns 1,456,112 shares of the real estate investment trust's stock worth $85,750,000 after purchasing an additional 1,364,504 shares during the last quarter. Zimmer Partners LP bought a new stake in Ventas during the fourth quarter worth $67,719,000. Finally, Janus Henderson Group PLC lifted its stake in Ventas by 1,196.0% during the fourth quarter. Janus Henderson Group PLC now owns 1,166,840 shares of the real estate investment trust's stock worth $68,737,000 after purchasing an additional 1,076,803 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Robert F. Probst sold 168,318 shares of Ventas stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. The trade was a 49.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Debra A. Cafaro sold 14,753 shares of Ventas stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.60, for a total transaction of $967,796.80. Following the completion of the sale, the chief executive officer directly owned 1,145,695 shares in the company, valued at $75,157,592. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 334,478 shares of company stock worth $21,813,565 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen cut Ventas from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upgraded Ventas from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $70.00 to $72.00 in a report on Monday, June 23rd. Finally, Scotiabank increased their price target on Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.90.

Ventas Stock Up 0.5%

NYSE VTR traded up $0.34 during trading hours on Friday, hitting $67.52. The company's stock had a trading volume of 2,813,818 shares, compared to its average volume of 3,127,350. Ventas, Inc. has a 52 week low of $55.24 and a 52 week high of $71.36. The company has a market capitalization of $30.47 billion, a PE ratio of 157.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.87. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.10. The company's 50-day simple moving average is $64.21 and its two-hundred day simple moving average is $64.96.

Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.78%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter last year, the firm earned $0.80 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. Research analysts anticipate that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. Ventas's dividend payout ratio (DPR) is currently 581.82%.

Ventas 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.