Andra AP fonden Acquires 106,902 Shares of Ventas, Inc. $VTR

Key Points

• Andra AP fonden increased its Ventas position by 514% in the second quarter, acquiring 106,902 additional shares for a total holding of 127,700 shares valued at approximately $11.34 million. Institutional investors collectively own 94.18% of Ventas.
• Ventas reported quarterly earnings of $0.97 per share, narrowly beating estimates, while revenue rose 21.7% year over year to $1.73 billion. The company declared a quarterly dividend of $0.52 per share, equivalent to a 2.4% yield.
• Analysts maintain a favorable outlook, with 14 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $99.39, compared with the stock’s opening price of $86.69.

Andra AP fonden raised its position in Ventas, Inc. (NYSE:VTR - Free Report) by 514.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 127,700 shares of the real estate investment trust's stock after acquiring an additional 106,902 shares during the period. Andra AP fonden's holdings in Ventas were worth $11,340,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Wealth Strategies LLC acquired a new position in Ventas during the 1st quarter valued at about $25,000. Silvant Capital Management LLC purchased a new position in Ventas in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Ventas during the second quarter worth $30,000. Reflection Asset Management purchased a new stake in shares of Ventas during the fourth quarter worth $34,000. Finally, Manchester Capital Management LLC grew its position in shares of Ventas by 60.5% in the fourth quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 94.18% of the company's stock.

Ventas Price Performance

VTR stock opened at $86.69 on Wednesday. Ventas, Inc. has a 12-month low of $66.93 and a 12-month high of $101.60. The stock has a market capitalization of $44.47 billion, a price-to-earnings ratio of 160.54, a PEG ratio of 3.40 and a beta of 0.70. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. The firm's 50-day moving average price is $92.25 and its two-hundred day moving average price is $88.04.

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 for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The business's revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. As a group, equities analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current year.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a yield of 2.4%. Ventas's dividend payout ratio (DPR) is currently 385.19%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho boosted their price objective on Ventas from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. 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 target for the company. Evercore set a $100.00 price target on shares of Ventas in a report on Monday. Raymond James Financial initiated coverage on Ventas in a research note on Tuesday, June 16th. They set an "outperform" rating and a $94.00 price objective for the company. Finally, Scotiabank raised their price target on Ventas from $93.00 to $95.00 and gave the company a "sector perform" rating in a report on Wednesday, September 2nd. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $99.39.

Ventas Company Profile

Ventas, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of healthcare and senior living properties. Its real estate platform includes senior housing communities, medical office buildings, life science and innovation centers, and other healthcare-related facilities.

The company generally leases or operates its properties through relationships with healthcare providers, senior living operators, universities, and research institutions. Its properties support services such as independent and assisted living, skilled nursing, outpatient care, physician practices, medical research, and biotechnology development.

Ventas serves major healthcare and life science markets in the United States and Canada.

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