Retirement Systems of Alabama boosted its stake in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,012,859 shares of the real estate investment trust’s stock after acquiring an additional 158,552 shares during the quarter. Retirement Systems of Alabama’s holdings in Ventas were worth $86,113,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Angeles Wealth Management LLC increased its holdings in shares of Ventas by 3.3% in the second quarter. Angeles Wealth Management LLC now owns 3,439 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 110 shares during the period. 1834 Investment Advisors Co. grew its position in Ventas by 0.8% in the 3rd quarter. 1834 Investment Advisors Co. now owns 15,149 shares of the real estate investment trust’s stock valued at $1,288,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc grew its position in Ventas by 18.7% in the 3rd quarter. Versant Capital Management Inc now owns 933 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Ventas by 1.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock valued at $1,054,000 after buying an additional 148 shares during the period. Finally, Eastern Bank increased its stake in Ventas by 5.0% in the 3rd quarter. Eastern Bank now owns 3,230 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 155 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Ventas Price Performance
Ventas stock opened at $89.43 on Tuesday. The company has a market cap of $47.29 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. Ventas, Inc. has a one year low of $73.82 and a one year high of $101.60. The business has a fifty day moving average of $86.56 and a two-hundred day moving average of $86.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43.
Ventas (NYSE:VTR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.85). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Ventas had a return on equity of 1.86% and a net margin of 3.86%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. As a group, analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.
Ventas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 2.3%. Ventas’s payout ratio is currently 392.45%.
Wall Street Analyst Weigh In
A number of brokerages have commented on VTR. Evercore set a $100.00 price objective on shares of Ventas and gave the stock an “outperform” rating in a research report on Monday, September 21st. Wells Fargo & Company dropped their price target on shares of Ventas from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. BNP Paribas Exane increased their price target on shares of Ventas from $93.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Mizuho raised their price objective 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. Finally, Cantor Fitzgerald lowered their price objective on Ventas from $102.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Ventas presently has an average rating of “Moderate Buy” and an average target price of $99.41.
View Our Latest Research Report on Ventas
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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