35,949 Shares of Ventas, Inc. $VTR Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new stake in Ventas, Inc. (NYSE:VTR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 35,949 shares of the real estate investment trust’s stock, valued at approximately $3,075,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Ventas during the 2nd quarter valued at $4,953,439,000. Legal & General Group Plc bought a new position in Ventas during the second quarter worth $501,850,000. Deutsche Bank AG bought a new position in Ventas during the second quarter worth $451,822,000. Bank of America Corp DE acquired a new stake in Ventas in the second quarter worth $390,395,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Ventas in the second quarter worth $387,748,000. Institutional investors own 94.18% of the company’s stock.

Ventas Price Performance

Shares of NYSE:VTR opened at $85.75 on Friday. Ventas, Inc. has a twelve month low of $68.15 and a twelve month high of $101.60. The stock’s 50 day moving average is $88.28 and its 200-day moving average is $87.93. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $43.99 billion, a price-to-earnings ratio of 158.80, a PEG ratio of 3.35 and a beta of 0.72.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. Ventas’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. Sell-side analysts forecast that Ventas, Inc. will post 3.89 EPS for the current fiscal 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 paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Ventas’s dividend payout ratio (DPR) is 385.19%.

Analyst Ratings Changes

Several research firms have weighed in on VTR. Cantor Fitzgerald lifted their price target on shares of Ventas from $97.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Wells Fargo & Company increased their price objective 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. Jefferies Financial Group initiated coverage on Ventas in a research note on Tuesday, September 15th. They issued a “buy” rating and a $102.00 target price for the company. Finally, Weiss Ratings raised Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ventas presently has an average rating of “Moderate Buy” and a consensus 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.