15,647 Ventas, Inc. $VTR Shares Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Ventas stake by 5.4% in the third quarter, adding 15,647 shares to own 304,981 shares valued at approximately $25.9 million. Institutional investors collectively hold 94.18% of Ventas stock.
• Analysts remain generally positive on Ventas, with 14 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $98.78. Several firms recently raised their targets, including Citigroup to $110 and BMO Capital Markets to $107.
• Ventas shares recently traded at $85.46, while the healthcare REIT reported quarterly revenue of $1.73 billion and EPS of $0.97, exceeding estimates. The company also declared a quarterly dividend of $0.52 per share, representing a 2.4% annualized yield.

State of Alaska Department of Revenue increased its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 304,981 shares of the real estate investment trust's stock after acquiring an additional 15,647 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Ventas worth $25,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Wealth Strategies LLC bought a new stake in shares of Ventas during the first quarter worth about $25,000. Silvant Capital Management LLC bought a new position in Ventas in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. bought a new position in Ventas in the 2nd quarter valued at approximately $30,000. Reflection Asset Management acquired a new stake in Ventas during the 4th quarter worth approximately $34,000. Finally, Western Wealth Management LLC acquired a new stake in Ventas during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Mizuho raised their target price on Ventas from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Citigroup increased their price target on Ventas from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Evercore set a $100.00 price objective on Ventas in a research report on Monday, September 21st. Weiss Ratings raised Ventas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 21st. Finally, BMO Capital Markets upped their target price on Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.78.

Ventas Trading Up 1.4%

Shares of VTR stock traded up $1.15 during mid-day trading on Thursday, hitting $85.46. The company's stock had a trading volume of 2,137,942 shares, compared to its average volume of 3,646,699. The company has a market cap of $43.84 billion, a PE ratio of 158.22, a P/E/G ratio of 3.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. The company's fifty day simple moving average is $88.57 and its 200-day simple moving average is $87.93. Ventas, Inc. has a 52 week low of $68.15 and a 52 week high of $101.60.

Ventas (NYSE:VTR - Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Ventas had a return on equity of 1.99% and a net margin of 4.08%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm's revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, equities research analysts expect that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 30th. Ventas's dividend payout ratio is presently 385.19%.

About Ventas

Ventas, Inc is a real estate investment trust (REIT) focused on owning and managing healthcare and senior housing properties. Its portfolio includes senior living communities, outpatient medical buildings, hospitals, research and innovation facilities, and other properties serving the healthcare industry.

The company generates revenue primarily by leasing its properties to healthcare providers, senior housing operators, academic institutions, and other tenants. Ventas may also participate in property operations through management and operating arrangements, particularly in senior living, while working with experienced third-party operators and healthcare partners.

Ventas serves markets across the United States, Canada, and the United Kingdom.

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