Ventas, Inc. (NYSE: VTR) has recently piqued the interest of the State of Alaska Department of Revenue, leading to an increase in holdings by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm now owns a total of 330,739 shares in this real estate investment trust’s stock and is expected to hold a value of approximately $14,335,000.
This recent move is not shocking given VTR’s activity in the market lately. Various research reports have reported inconsistencies regarding Ventas’ rating, with StockNews.com moving it from “sell” to “hold,” and Raymond James elevating it from an “outperform” rating to a “strong-buy.” At present, Bloomberg data indicates that VTR has an average rating of “Moderate Buy.”
The company also made known their quarterly dividend plan which will be dispersed on July 13th to stockholders who properly recorded information on or before July 3rd and includes a payout ratio (DPR) for the company at -999.94%, thus boasting an attractive dividend yield at 3.92%. This has contributed towards retaining hold and buy ratings despite an opposite opinion held by some analysts.
Although Barclays decreased their target price on Ventas’ shares by $2 last May 25th following reassessment of their views about market cap figures for the year and Royal Bank of Canada cut theirs down from $56 per share to $54 earlier that April hinting minimal projections amid future acquisitions and growth relative speculation; still vigorous support on part of researchers from different firms liven up a moderate thrust for this property-based investment firm resulting in thriving business ideals heading onwards.
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Institutional Investors Increase Stake in Ventas, Inc. as Market Remains Steady
Ventas, Inc. has recently seen an increase in activity by institutional investors, with several making changes to their positions in the business. Czech National Bank increased its stake in shares of Ventas by 0.6% during the first quarter and now owns over $2 million worth of the company’s stock. Raymond James & Associates grew its position by almost 20% during the same period, while Presima Securities ULC and Naviter Wealth LLC each increased their positions by 1.3% and 13.7%, respectively. Perhaps most significantly, Massmutual Trust Co. FSB ADV grew its position by over 50%. In total, institutional investors currently own almost 93% of Ventas’ stock.
On Tuesday, NYSE:VTR opened at $45.87, with a 1-year low of $35.33 and a high of $54.11. The company’s moving averages are stable at $45.54 (50-day) and $46.57 (200-day). Ventas has a current ratio of 0.63 and a quick ratio of 0.63, with a debt-to-equity ratio of 1.23.
In other news related to Ventas, Inc., Director Walter C. Rakowich sold over one thousand shares at an average price of $42.57 each on Friday, May 26th, totaling nearly $53 thousand in value after transaction fees were taken out.
Overall it seems that the market for Ventas’ shares remains steady despite insider activity without major outside events affecting it recently or expected for the foreseeable future given current economic conditions impacting real estate markets globally due to Covid-19 pandemic effects still largely lingering on commercial real estate sectors worldwide posing many challenges for investment trusts like this one observed here today – time will tell where that takes us!