Allstate Corp Purchases New Shares in Ventas, Inc. (NYSE:VTR)

Allstate Corp purchased a new stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,228 shares of the real estate investment trust's stock, valued at approximately $720,000.

A number of other institutional investors also recently bought and sold shares of VTR. ST Germain D J Co. Inc. bought a new position in Ventas in the fourth quarter worth $27,000. Harbor Capital Advisors Inc. lifted its position in Ventas by 66.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 210 shares during the period. Promus Capital LLC purchased a new position in shares of Ventas during the fourth quarter valued at approximately $38,000. New Wave Wealth Advisors LLC bought a new stake in shares of Ventas in the 4th quarter worth approximately $41,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Ventas by 1,039.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust's stock worth $48,000 after buying an additional 738 shares during the last quarter. 94.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on VTR. Scotiabank raised their price target on shares of Ventas from $69.00 to $72.00 and gave the company a "sector perform" rating in a research report on Friday, February 28th. Argus set a $75.00 price target on shares of Ventas in a research report on Friday, March 7th. Mizuho lifted their target price on Ventas from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Royal Bank of Canada increased their price objective on shares of Ventas from $70.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Wedbush upped their price target on shares of Ventas from $69.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.90.

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Insider Transactions at Ventas

In other Ventas news, CEO Debra A. Cafaro sold 388 shares of Ventas stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $71.00, for a total transaction of $27,548.00. Following the completion of the sale, the chief executive officer now directly owns 1,128,143 shares in the company, valued at $80,098,153. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $63.00, for a total transaction of $243,558.00. Following the transaction, the chief accounting officer now directly owns 11,371 shares of the company's stock, valued at $716,373. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 260,227 shares of company stock worth $17,769,097 in the last quarter. Company insiders own 1.00% of the company's stock.

Ventas Price Performance

NYSE VTR traded up $0.20 on Thursday, hitting $69.59. The company had a trading volume of 5,569,368 shares, compared to its average volume of 2,612,617. The company's fifty day moving average price is $65.59 and its 200-day moving average price is $63.35. Ventas, Inc. has a 12-month low of $41.45 and a 12-month high of $71.32. The company has a market capitalization of $30.42 billion, a PE ratio of 366.26, a PEG ratio of 2.59 and a beta of 1.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85.

Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. As a group, analysts predict that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.48 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Ventas's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.76%. Ventas's dividend payout ratio (DPR) is 1,010.53%.

Ventas Company 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.