State of Alaska Department of Revenue boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 9.3% in the second quarter, Holdings Channel reports. The firm owned 195,652 shares of the real estate investment trust’s stock after acquiring an additional 16,682 shares during the period. State of Alaska Department of Revenue’s holdings in Ventas were worth $13,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. West Oak Capital LLC boosted its position in Ventas by 4.9% during the first quarter. West Oak Capital LLC now owns 3,400 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 160 shares during the period. Raymond James Trust N.A. boosted its position in Ventas by 0.6% during the second quarter. Raymond James Trust N.A. now owns 26,334 shares of the real estate investment trust’s stock worth $1,799,000 after purchasing an additional 165 shares during the period. 6 Meridian boosted its position in Ventas by 2.2% during the second quarter. 6 Meridian now owns 8,023 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 169 shares during the period. Heritage Wealth Advisors boosted its position in Ventas by 59.3% during the first quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in Ventas by 88.9% during the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the period. 87.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE VTR traded up $0.26 during trading hours on Tuesday, reaching $67.81. The stock had a trading volume of 72,562 shares, compared to its average volume of 1,753,227. The stock has a fifty day moving average price of $68.39. The company has a current ratio of 0.67, a quick ratio of 0.56 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $24.21 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 4.38 and a beta of 0.28. Ventas, Inc. has a twelve month low of $51.80 and a twelve month high of $73.74.

Ventas (NYSE:VTR) last issued its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.38). The firm had revenue of $950.70 million during the quarter, compared to analyst estimates of $931.16 million. Ventas had a net margin of 13.34% and a return on equity of 4.78%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Research analysts predict that Ventas, Inc. will post 3.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were paid a $0.7925 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.67%. Ventas’s payout ratio is 77.89%.

A number of brokerages have recently commented on VTR. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Raymond James set a C$13.50 price target on Secure Energy Services and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. Stifel Nicolaus set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday, June 19th. Mitsubishi UFJ Financial Group upped their price target on Ventas to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, June 19th. Finally, Bank of America set a $300.00 price target on IDEXX Laboratories and gave the stock a “buy” rating in a report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Ventas currently has an average rating of “Hold” and an average price target of $65.88.

In related news, Chairman Debra A. Cafaro sold 68,084 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.54, for a total value of $4,530,309.36. Following the completion of the transaction, the chairman now directly owns 805,835 shares in the company, valued at $53,620,260.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Debra A. Cafaro sold 68,080 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total value of $4,700,243.20. Following the completion of the transaction, the chairman now owns 741,358 shares of the company’s stock, valued at $51,183,356.32. The disclosure for this sale can be found here. Insiders sold 165,866 shares of company stock valued at $11,323,058 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Ventas Profile

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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