Massachusetts Financial Services Co. MA Has $347.61 Million Position in Ventas, Inc. (NYSE:VTR)

Massachusetts Financial Services Co. MA boosted its position in Ventas, Inc. (NYSE:VTR) by 105.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,420,322 shares of the real estate investment trust’s stock after purchasing an additional 2,778,408 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.29% of Ventas worth $347,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Ventas by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $3,851,000 after acquiring an additional 1,177 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Ventas in the 3rd quarter valued at about $1,365,000. Fifth Third Wealth Advisors LLC grew its position in shares of Ventas by 42.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,443 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 1,615 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Ventas in the third quarter valued at approximately $224,000. Finally, MAI Capital Management boosted its stake in shares of Ventas by 5.1% in the third quarter. MAI Capital Management now owns 15,969 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 782 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VTR has been the topic of a number of recent research reports. Wedbush raised their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Scotiabank boosted their target price on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Royal Bank of Canada increased their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Wolfe Research upgraded Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ventas has an average rating of “Moderate Buy” and an average target price of $63.63.

Ventas Stock Up 0.3 %

VTR opened at $64.30 on Friday. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61. The company has a market cap of $26.97 billion, a PE ratio of -378.21, a price-to-earnings-growth ratio of 2.97 and a beta of 1.36. 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 has a 50 day moving average of $64.14 and a 200 day moving average of $57.31.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 2.80%. Ventas’s dividend payout ratio is currently -1,058.76%.

Insider Buying and Selling at Ventas

In related news, CEO Debra A. Cafaro sold 6,004 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $66.11, for a total transaction of $396,924.44. Following the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 directly owns 90,795 shares in the company, valued at approximately $5,900,767.05. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,454 shares of company stock valued at $9,263,815 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Ventas Company 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.