Sumitomo Mitsui Trust Group Inc. Has $83.86 Million Position in Ventas, Inc. (NYSE:VTR)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Ventas, Inc. (NYSE:VTR) by 7.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,423,945 shares of the real estate investment trust’s stock after buying an additional 94,791 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ventas were worth $83,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Friedenthal Financial increased its position in Ventas by 1,183.7% during the third quarter. Friedenthal Financial now owns 12,773 shares of the real estate investment trust’s stock worth $819,000 after acquiring an additional 11,778 shares during the period. Tandem Capital Management Corp ADV increased its holdings in shares of Ventas by 62.1% during the third quarter. Tandem Capital Management Corp ADV now owns 27,730 shares of the real estate investment trust’s stock worth $1,778,000 after purchasing an additional 10,620 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Ventas by 7.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 332,300 shares of the real estate investment trust’s stock valued at $21,310,000 after buying an additional 24,300 shares in the last quarter. abrdn plc boosted its stake in shares of Ventas by 28.7% in the third quarter. abrdn plc now owns 961,359 shares of the real estate investment trust’s stock valued at $61,878,000 after buying an additional 214,384 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in Ventas by 480.7% during the third quarter. Northwest & Ethical Investments L.P. now owns 26,214 shares of the real estate investment trust’s stock worth $1,681,000 after buying an additional 21,700 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Robert W. Baird raised Ventas from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $66.00 to $65.00 in a report on Friday, January 17th. Scotiabank boosted their price target on Ventas from $68.00 to $69.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Wedbush reiterated an “outperform” rating and set a $75.00 price objective on shares of Ventas in a research note on Thursday, December 19th. Mizuho dropped their target price on shares of Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $68.71.

Ventas Trading Up 0.1 %

VTR opened at $60.60 on Monday. The company has a market cap of $25.42 billion, a P/E ratio of -356.47, a PEG ratio of 2.62 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $59.60 and its 200-day moving average is $61.27. Ventas, Inc. has a 1-year low of $41.45 and a 1-year high of $67.61.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.97%. Ventas’s payout ratio is presently -1,058.82%.

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.