8,748 Shares in Ventas, Inc. $VTR Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 8,748 shares of the real estate investment trust’s stock, valued at approximately $744,000.

Several other large investors have also recently added to or reduced their stakes in the company. Andra AP fonden lifted its holdings in Ventas by 514.0% in the second quarter. Andra AP fonden now owns 127,700 shares of the real estate investment trust’s stock worth $11,340,000 after acquiring an additional 106,902 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Ventas during the second quarter valued at approximately $1,281,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Ventas during the second quarter valued at approximately $17,244,000. Adelante Capital Management LLC acquired a new stake in shares of Ventas during the 2nd quarter worth approximately $52,737,000. Finally, Sei Investments Co. raised its position in shares of Ventas by 3.3% during the 1st quarter. Sei Investments Co. now owns 660,428 shares of the real estate investment trust’s stock worth $54,010,000 after purchasing an additional 21,378 shares during the period. 94.18% of the stock is currently owned by institutional investors.

Ventas Stock Up 1.0%

Ventas stock opened at $85.75 on Friday. The stock has a market cap of $43.99 billion, a price-to-earnings ratio of 158.80, a PEG ratio of 3.31 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 company’s 50-day moving average price is $88.28 and its two-hundred day moving average price is $87.93. Ventas, Inc. has a 52 week low of $68.15 and a 52 week high of $101.60.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 EPS. On average, analysts expect that Ventas, Inc. will post 3.89 EPS for the current fiscal year.

Ventas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Ventas’s dividend payout ratio (DPR) is presently 385.19%.

Wall Street Analysts Forecast Growth

VTR has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Ventas in a report on Tuesday, September 15th. They issued a “buy” rating and a $102.00 price target on the stock. Scotiabank upped their price objective on Ventas from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada increased their target price on Ventas from $98.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Wells Fargo & Company raised their target price on Ventas from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Finally, Citigroup raised their target price on Ventas from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.78.

Ventas Company Profile

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.