1,299 Shares in Ventas, Inc. (NYSE:VTR) Purchased by Independence Bank of Kentucky

Independence Bank of Kentucky purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,299 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new position in shares of Ventas during the fourth quarter valued at $27,000. Harbor Capital Advisors Inc. raised its stake in shares of Ventas by 66.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 210 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Ventas during the 4th quarter valued at $41,000. Global X Japan Co. Ltd. acquired a new position in Ventas in the third quarter valued at about $48,000. Finally, Morse Asset Management Inc acquired a new position in shares of Ventas during the 3rd quarter worth about $64,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

Ventas Stock Up 0.3 %

VTR stock opened at $60.36 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $25.32 billion, a P/E ratio of -355.01, a P/E/G ratio of 2.58 and a beta of 1.37. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The business has a 50-day moving average of $59.94 and a 200-day moving average of $61.01.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 2.98%. Ventas’s dividend payout ratio is currently -1,058.76%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Mizuho cut their price target on shares of Ventas from $71.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird raised shares of Ventas from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $66.00 to $65.00 in a report on Friday, January 17th. Scotiabank upped their price objective on shares of Ventas from $68.00 to $69.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, Baird R W upgraded Ventas from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $68.71.

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.