Meiji Yasuda Asset Management Co Ltd. Increases Position in Ventas, Inc. (NYSE:VTR)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 63.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,940 shares of the real estate investment trust’s stock after purchasing an additional 6,164 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ventas were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. First Community Trust NA acquired a new position in shares of Ventas during the 2nd quarter worth about $25,000. ORG Partners LLC purchased a new position in shares of Ventas in the second quarter valued at approximately $27,000. First Financial Corp IN acquired a new stake in shares of Ventas in the first quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Ventas during the second quarter worth approximately $41,000. Finally, Friedenthal Financial purchased a new stake in shares of Ventas during the second quarter worth approximately $51,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the sale, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the transaction, the chief executive officer now owns 104,295 shares in the company, valued at approximately $5,761,255.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,065 shares of company stock valued at $4,526,464. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on VTR. Scotiabank upped their target price on shares of Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Royal Bank of Canada boosted their target price on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ventas currently has an average rating of “Moderate Buy” and an average price target of $57.90.

Ventas Stock Performance

NYSE VTR opened at $62.17 on Friday. The stock has a fifty day simple moving average of $58.91 and a 200-day simple moving average of $50.96. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a market cap of $25.16 billion, a PE ratio of -327.21, a P/E/G ratio of 2.87 and a beta of 1.36. Ventas, Inc. has a twelve month low of $39.33 and a twelve month high of $65.64.

Ventas (NYSE:VTR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $0.75 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Ventas, Inc. will post 3.18 earnings per share for the current year.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.90%. Ventas’s dividend payout ratio is presently -947.37%.

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.