Mackenzie Financial Corp Has $29.53 Million Stock Holdings in Ventas, Inc. (NYSE:VTR)

Mackenzie Financial Corp grew its holdings in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 501,361 shares of the real estate investment trust's stock after buying an additional 25,366 shares during the quarter. Mackenzie Financial Corp owned 0.11% of Ventas worth $29,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VTR. Promus Capital LLC acquired a new stake in Ventas in the fourth quarter valued at $38,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Ventas in the 4th quarter valued at about $41,000. SRS Capital Advisors Inc. raised its stake in shares of Ventas by 1,039.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Transce3nd LLC bought a new position in shares of Ventas during the fourth quarter worth about $48,000. Finally, State of Wyoming lifted its position in shares of Ventas by 32.5% during the fourth quarter. State of Wyoming now owns 975 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 239 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VTR. Wedbush upped their price objective on Ventas from $69.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Mizuho upped their price target on Ventas from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Scotiabank lifted their price objective on shares of Ventas from $69.00 to $72.00 and gave the stock a "sector perform" rating in a report on Friday, February 28th. Wall Street Zen lowered shares of Ventas from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company raised their price target on shares of Ventas from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Insider Activity at Ventas

In other news, Director Walter C. Rakowich sold 1,459 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $63.76, for a total value of $93,025.84. Following the completion of the sale, the director now directly owns 27,454 shares of the company's stock, valued at approximately $1,750,467.04. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert F. Probst sold 69,592 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $64.59, for a total value of $4,494,947.28. Following the sale, the chief financial officer now directly owns 168,364 shares in the company, valued at approximately $10,874,630.76. The trade was a 29.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 166,394 shares of company stock worth $11,235,529 in the last 90 days. Corporate insiders own 0.80% of the company's stock.

Ventas Stock Performance

NYSE:VTR traded down $0.71 during mid-day trading on Wednesday, hitting $64.34. The stock had a trading volume of 2,889,153 shares, compared to its average volume of 2,766,055. The company has a 50 day simple moving average of $66.55 and a 200-day simple moving average of $63.94. Ventas, Inc. has a 52 week low of $46.66 and a 52 week high of $71.36. The stock has a market capitalization of $29.04 billion, a price-to-earnings ratio of 338.65, a P/E/G ratio of 2.59 and a beta of 0.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25.

Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. Ventas had a return on equity of 0.82% and a net margin of 1.65%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. On average, research analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.98%. The ex-dividend date is Monday, June 30th. Ventas's payout ratio 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.