Impax Asset Management Group plc Acquires 26,994 Shares of Ventas, Inc. (NYSE:VTR)

Impax Asset Management Group plc lifted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 160.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,814 shares of the real estate investment trust’s stock after acquiring an additional 26,994 shares during the quarter. Impax Asset Management Group plc’s holdings in Ventas were worth $2,810,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Ventas by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust’s stock valued at $304,047,000 after acquiring an additional 96,482 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ventas by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,489,159 shares of the real estate investment trust’s stock worth $239,000,000 after purchasing an additional 413,564 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Ventas during the 2nd quarter worth approximately $135,425,000. Canada Pension Plan Investment Board boosted its stake in Ventas by 0.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,756,752 shares of the real estate investment trust’s stock valued at $90,051,000 after purchasing an additional 7,585 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Ventas in the 2nd quarter valued at $73,517,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ventas

In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares of the company’s stock, valued at $5,900,767.05. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 6,827 shares of Ventas stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $63.20, for a total transaction of $431,466.40. Following the sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $62,360,514.40. This represents a 0.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,454 shares of company stock worth $9,263,815 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

VTR has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank raised their target price on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, October 1st. Finally, Wedbush increased their target price on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.63.

Ventas Stock Up 0.2 %

VTR stock opened at $63.60 on Friday. The firm has a 50-day moving average price of $64.20 and a 200-day moving average price of $56.87. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61. 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 stock has a market capitalization of $26.67 billion, a P/E ratio of -374.10, a price-to-earnings-growth ratio of 2.94 and a beta of 1.36.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas’s payout ratio is -1,058.76%.

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.