502,287 Shares in Ventas, Inc. $VTR Purchased by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. acquired 502,287 Ventas shares worth approximately $42.7 million, representing about 0.10% of the healthcare REIT. Institutional investors and hedge funds collectively own 94.18% of Ventas.
• Analysts remain broadly positive, with 14 Buy ratings and three Holds. Ventas has a consensus “Moderate Buy” rating and an average price target of $99.39.
• Ventas exceeded quarterly expectations, reporting $0.97 EPS and $1.73 billion in revenue, up 21.7% year over year. The company declared a quarterly dividend of $0.52 per share, equal to a 2.5% yield.

Congress Asset Management Co. bought a new position in Ventas, Inc. (NYSE:VTR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 502,287 shares of the real estate investment trust's stock, valued at approximately $42,704,000. Congress Asset Management Co. owned approximately 0.10% of Ventas as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Dynamic Wealth Strategies LLC acquired a new stake in shares of Ventas in the 1st quarter valued at $25,000. Silvant Capital Management LLC bought a new stake in Ventas in the second quarter worth $28,000. Meeder Asset Management Inc. acquired a new position in Ventas during the second quarter worth $30,000. Reflection Asset Management acquired a new position in Ventas during the fourth quarter worth $34,000. Finally, Western Wealth Management LLC bought a new position in Ventas during the first quarter valued at about $40,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VTR. Raymond James Financial assumed coverage on Ventas in a research report on Tuesday, June 16th. They issued an "outperform" rating and a $94.00 price target for the company. Royal Bank Of Canada boosted their target price on Ventas from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Barclays upped their target price on Ventas from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Monday, August 31st. Cantor Fitzgerald increased their price target on Ventas from $97.00 to $102.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Mizuho lifted their price target on shares of Ventas from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.39.

Ventas Stock Performance

NYSE VTR traded up $0.63 during trading on Tuesday, hitting $81.99. The company's stock had a trading volume of 4,029,562 shares, compared to its average volume of 3,636,132. Ventas, Inc. has a 52 week low of $66.93 and a 52 week high of $101.60. The firm has a market cap of $42.06 billion, a P/E ratio of 151.83, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72. The firm has a 50 day moving average price of $90.15 and a 200 day moving average price of $87.98. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86.

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

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, September 30th. Ventas's dividend payout ratio (DPR) is currently 385.19%.

Ventas Company Profile

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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