15,647 Ventas, Inc. $VTR Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Ventas, Inc. (NYSE:VTR) by 5.4% in the third quarter, HoldingsChannel.com reports. The firm owned 304,981 shares of the real estate investment trust’s stock after buying an additional 15,647 shares during the period. State of Alaska Department of Revenue’s holdings in Ventas were worth $25,928,000 as of its most recent SEC filing.

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

Ventas Stock Performance

Shares of VTR stock traded up $1.15 during trading on Thursday, reaching $85.46. 2,137,942 shares of the company’s stock traded hands, compared to its average volume of 3,646,699. Ventas, Inc. has a 1 year low of $68.15 and a 1 year high of $101.60. The company has a market capitalization of $43.84 billion, a P/E ratio of 158.22, a PEG ratio of 3.27 and a beta of 0.72. 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 is $88.57 and its 200 day moving average is $87.93.

Ventas (NYSE:VTR) 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 analysts’ consensus estimates of $0.96 by $0.01. Ventas had a return on equity of 1.99% and a net margin of 4.08%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts expect that Ventas, Inc. will post 3.89 EPS for the current year.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Ventas’s dividend payout ratio is presently 385.19%.

Analyst Ratings Changes

Several analysts have recently commented on VTR shares. 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 report on Tuesday, August 11th. 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. Wells Fargo & Company lifted their target price on shares of Ventas from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Cantor Fitzgerald boosted their target price on Ventas from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Mizuho upped their target price on Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.78.

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.