Ventas, Inc. $VTR Shares Purchased by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Ventas stake by 18.6% in the third quarter, adding 158,552 shares to bring its holdings to about 1.01 million shares, valued at $86.1 million.
• Ventas reported quarterly revenue of $1.83 billion, up 23% year over year and above estimates, but EPS of $0.13 fell well short of analysts’ $0.98 consensus.
• Analysts’ average rating is Moderate Buy, with an average price target of $99.41; the company’s quarterly dividend was $0.52 per share.

Retirement Systems of Alabama raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012,859 shares of the real estate investment trust's stock after buying an additional 158,552 shares during the period. Retirement Systems of Alabama owned about 0.19% of Ventas worth $86,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Ventas in the 2nd quarter valued at about $4,953,439,000. Dimensional Fund Advisors LP boosted its holdings in Ventas by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,190,594 shares of the real estate investment trust's stock valued at $588,045,000 after purchasing an additional 253,019 shares in the last quarter. Legal & General Group Plc acquired a new position in Ventas in the second quarter valued at approximately $501,850,000. Deutsche Bank AG purchased a new position in Ventas in the second quarter valued at approximately $451,822,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ventas by 5.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,981,404 shares of the real estate investment trust's stock valued at $442,349,000 after purchasing an additional 258,859 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Ventas Price Performance

Shares of NYSE VTR opened at $89.43 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.78. Ventas, Inc. has a twelve month low of $73.82 and a twelve month high of $101.60. The stock has a 50 day moving average of $86.56 and a two-hundred day moving average of $86.76. The stock has a market cap of $47.29 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.65 and a beta of 0.77.

Ventas (NYSE:VTR - Get Free Report) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.85). The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Ventas had a return on equity of 1.86% and a net margin of 3.86%. The business's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. On average, research analysts forecast that Ventas, Inc. will post 3.89 earnings per share for the current year.

Ventas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Ventas's dividend payout ratio (DPR) is presently 392.45%.

Analysts Set New Price Targets

VTR has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of Ventas from $93.00 to $95.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 2nd. BMO Capital Markets increased their target price on shares of Ventas from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Cantor Fitzgerald cut their price target on shares of Ventas from $102.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, October 29th. The Goldman Sachs Group boosted their price target on shares of Ventas from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, Barclays decreased their price objective on shares of Ventas from $102.00 to $91.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 13th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ventas currently has an average rating of "Moderate Buy" and an average price target of $99.41.

Ventas Company Profile

Ventas, Inc is a real estate investment trust focused on properties and services that support the health care and senior living sectors. Its portfolio includes senior housing communities, outpatient medical buildings, and research and life science facilities.

The company owns and invests in properties across the United States, Canada, and the United Kingdom. Many of its communities and facilities are operated by health care and senior living providers, while Ventas provides real estate capital and asset management.

Ventas was established in 1998 and is headquartered in Chicago.

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