abrdn plc Buys 131,202 Shares of Ventas, Inc. (NYSE:VTR)

abrdn plc raised its stake in shares of Ventas, Inc. (NYSE:VTR) by 13.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,092,561 shares of the real estate investment trust’s stock after purchasing an additional 131,202 shares during the quarter. abrdn plc’s holdings in Ventas were worth $64,051,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

VTR has been the topic of a number of research analyst reports. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Mizuho reduced their price target on shares of Ventas from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Baird R W raised shares of Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Scotiabank lifted their price target on Ventas from $68.00 to $69.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Ventas in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $68.71.

Ventas Price Performance

Shares of NYSE VTR opened at $60.20 on Wednesday. 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 business has a 50-day moving average of $59.90 and a 200-day moving average of $61.12. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of -354.07, a PEG ratio of 2.61 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.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. Ventas’s dividend payout ratio is -1,058.76%.

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.