35,949 Shares of Ventas, Inc. $VTR Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC purchased 35,949 Ventas shares worth approximately $3.1 million in the third quarter. Institutional investors collectively own 94.18% of the healthcare REIT.
• Analysts remain broadly positive, with 14 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $98.78.
• Ventas exceeded quarterly earnings and revenue expectations, reporting $0.97 EPS and $1.73 billion in revenue. The company also declared a quarterly dividend of $0.52 per share, equivalent to a 2.4% annualized yield.

SteelPeak Wealth LLC bought a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,949 shares of the real estate investment trust's stock, valued at approximately $3,075,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Andra AP fonden grew its stake in Ventas by 514.0% during the second quarter. Andra AP fonden now owns 127,700 shares of the real estate investment trust's stock worth $11,340,000 after buying an additional 106,902 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Ventas in the 2nd quarter valued at about $1,281,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Ventas in the 2nd quarter valued at about $17,244,000. Adelante Capital Management LLC acquired a new position in shares of Ventas in the 2nd quarter valued at approximately $52,737,000. Finally, Sei Investments Co. raised its position in shares of Ventas by 3.3% in the 1st quarter. Sei Investments Co. now owns 660,428 shares of the real estate investment trust's stock valued at $54,010,000 after buying an additional 21,378 shares in the last quarter. Institutional investors own 94.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VTR shares. Cantor Fitzgerald upped their price target on shares of Ventas from $97.00 to $102.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Weiss Ratings raised shares of Ventas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Jefferies Financial Group assumed coverage on shares of Ventas in a research report on Tuesday, September 15th. They set a "buy" rating and a $102.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Ventas from $96.00 to $104.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 1st. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $98.78.

Ventas Trading Up 1.0%

NYSE VTR opened at $85.75 on Friday. The company has a market cap of $43.99 billion, a price-to-earnings ratio of 158.80, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. Ventas, Inc. has a twelve month low of $68.15 and a twelve month high of $101.60. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. The business's fifty day moving average is $88.28 and its 200 day moving average is $87.93.

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

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 30th. Ventas's dividend payout ratio is 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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