State of Alaska Department of Revenue Trims Position in Ventas, Inc. (NYSE:VTR)

State of Alaska Department of Revenue lessened its stake in shares of Ventas, Inc. (NYSE:VTR) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,036 shares of the real estate investment trust’s stock after selling 9,014 shares during the period. State of Alaska Department of Revenue owned 0.07% of Ventas worth $11,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Naviter Wealth LLC raised its holdings in Ventas by 3.7% in the 1st quarter. Naviter Wealth LLC now owns 27,762 shares of the real estate investment trust’s stock valued at $1,221,000 after buying an additional 998 shares during the period. AlphaMark Advisors LLC purchased a new stake in Ventas in the 1st quarter valued at about $87,000. Roberts Wealth Advisors LLC purchased a new stake in Ventas in the 1st quarter valued at about $2,930,000. Hennion & Walsh Asset Management Inc. raised its holdings in Ventas by 21.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,163 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 1,108 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Ventas by 54.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,680 shares of the real estate investment trust’s stock valued at $987,000 after buying an additional 7,979 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTR. Evercore ISI upgraded shares of Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, March 18th. Scotiabank boosted their price objective on Ventas from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company boosted their price objective on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.46.

Insider Transactions at Ventas

In other Ventas news, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares in the company, valued at $1,259,900.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares of the company’s stock, valued at approximately $1,259,900.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Probst sold 18,500 shares of Ventas stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $47.11, for a total value of $871,535.00. Following the transaction, the chief financial officer now directly owns 176,403 shares of the company’s stock, valued at approximately $8,310,345.33. The disclosure for this sale can be found here. Insiders sold 35,270 shares of company stock worth $1,672,966 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Ventas Stock Performance

Ventas stock opened at $51.80 on Thursday. Ventas, Inc. has a 12 month low of $39.33 and a 12 month high of $51.94. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day simple moving average of $48.43 and a 200-day simple moving average of $46.52.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, July 1st. Ventas’s dividend payout ratio (DPR) is presently -947.32%.

Ventas Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.