State of Alaska Department of Revenue Buys 5,873 Shares of Ventas, Inc. (NYSE:VTR)

State of Alaska Department of Revenue grew its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 255,640 shares of the real estate investment trust's stock after acquiring an additional 5,873 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Ventas worth $17,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franchise Capital Ltd acquired a new position in shares of Ventas in the 1st quarter valued at approximately $32,000. Promus Capital LLC bought a new position in shares of Ventas in the fourth quarter worth about $38,000. SRS Capital Advisors Inc. boosted its stake in shares of Ventas by 1,039.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Ventas in the 4th quarter valued at approximately $48,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Ventas by 53.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 811 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 284 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Ventas Price Performance

NYSE VTR traded down $0.09 during trading hours on Wednesday, hitting $62.67. The company had a trading volume of 4,027,542 shares, compared to its average volume of 2,809,252. The firm has a 50 day simple moving average of $65.47 and a 200 day simple moving average of $63.88. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.32 and a current ratio of 0.32. Ventas, Inc. has a 52 week low of $49.48 and a 52 week high of $71.36. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 189.90, a PEG ratio of 2.27 and a beta of 0.89.

Ventas (NYSE:VTR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.02. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. Ventas had a net margin of 2.80% and a return on equity of 1.36%. Ventas's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. Equities research analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Monday, June 30th. Ventas's dividend payout ratio is currently 581.82%.

Wall Street Analysts Forecast Growth

VTR has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on Ventas from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Royal Bank Of Canada boosted their target price on shares of Ventas from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Argus set a $75.00 price objective on Ventas in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Ventas from $71.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, March 7th. Finally, Scotiabank boosted their price objective on Ventas from $69.00 to $72.00 and gave the company a "sector perform" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Ventas currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Insider Buying and Selling at Ventas

In other news, Director Walter C. Rakowich sold 1,459 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $63.76, for a total transaction of $93,025.84. Following the completion of the sale, the director now owns 27,454 shares of the company's stock, valued at $1,750,467.04. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Debra A. Cafaro sold 9,110 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $66.04, for a total value of $601,624.40. Following the sale, the chief executive officer now directly owns 1,145,695 shares of the company's stock, valued at $75,661,697.80. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,586 shares of company stock valued at $10,997,929. 1.00% of the stock is currently owned by company insiders.

About Ventas

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.