Spirit of America Management Corp NY Purchases 1,000 Shares of Ventas, Inc. (NYSE:VTR)

Spirit of America Management Corp NY increased its position in Ventas, Inc. (NYSE:VTR) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,450 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Ventas were worth $674,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ventas by 862.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,932,017 shares of the real estate investment trust’s stock worth $252,160,000 after buying an additional 3,523,594 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Ventas by 105.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust’s stock worth $347,605,000 after buying an additional 2,778,408 shares during the last quarter. FMR LLC raised its position in Ventas by 4.4% in the 3rd quarter. FMR LLC now owns 23,364,810 shares of the real estate investment trust’s stock worth $1,498,385,000 after buying an additional 982,795 shares during the last quarter. JPMorgan Chase & Co. raised its position in Ventas by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,557,480 shares of the real estate investment trust’s stock worth $1,767,261,000 after buying an additional 599,600 shares during the last quarter. Finally, State Street Corp raised its position in Ventas by 2.2% in the 3rd quarter. State Street Corp now owns 26,671,227 shares of the real estate investment trust’s stock worth $1,710,426,000 after buying an additional 581,870 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

Ventas Price Performance

VTR stock opened at $60.20 on Wednesday. Ventas, Inc. has a 1-year low of $41.45 and a 1-year high of $67.61. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day simple moving average of $59.90 and a two-hundred day simple moving average of $61.12.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.45 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 2.99%. Ventas’s payout ratio is -1,058.76%.

Analysts Set New Price Targets

VTR has been the subject of several research reports. Mizuho reduced their price target 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. Baird R W raised shares of Ventas from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Wedbush reaffirmed an “outperform” rating and set a $75.00 price target on shares of Ventas in a research report on Thursday, December 19th. Scotiabank increased their target price on shares of Ventas from $68.00 to $69.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. Finally, Robert W. Baird raised shares of Ventas from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $66.00 to $65.00 in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $68.71.

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.