State of New Jersey Common Pension Fund D Raises Holdings in Ventas, Inc. (NYSE:VTR)

State of New Jersey Common Pension Fund D increased its holdings in Ventas, Inc. (NYSE:VTR) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 542,819 shares of the real estate investment trust’s stock after purchasing an additional 4,643 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ventas were worth $27,054,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Ventas by 4,831.0% during the fourth quarter. International Assets Investment Management LLC now owns 231,856 shares of the real estate investment trust’s stock worth $11,556,000 after buying an additional 227,154 shares during the period. California Public Employees Retirement System boosted its position in shares of Ventas by 1.2% during the third quarter. California Public Employees Retirement System now owns 776,160 shares of the real estate investment trust’s stock worth $32,700,000 after buying an additional 9,194 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Ventas by 10.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 86,912 shares of the real estate investment trust’s stock worth $4,332,000 after buying an additional 8,199 shares during the period. SG Americas Securities LLC boosted its position in shares of Ventas by 114.9% during the fourth quarter. SG Americas Securities LLC now owns 47,578 shares of the real estate investment trust’s stock worth $2,371,000 after buying an additional 25,442 shares during the period. Finally, OLD National Bancorp IN purchased a new position in shares of Ventas during the fourth quarter worth $6,046,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Ventas Stock Up 1.5 %

Ventas stock traded up $0.65 during midday trading on Friday, reaching $44.01. The company’s stock had a trading volume of 1,899,133 shares, compared to its average volume of 2,364,493. Ventas, Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $50.99. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.41. The company has a market cap of $17.78 billion, a P/E ratio of -394.15, a P/E/G ratio of 2.43 and a beta of 1.26. The business has a 50-day simple moving average of $43.22 and a 200-day simple moving average of $45.05.

Ventas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, April 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Thursday, March 28th. Ventas’s dividend payout ratio is presently -1,636.21%.

Analysts Set New Price Targets

VTR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ventas in a research report on Tuesday, January 30th. They set a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $46.00 target price (down from $52.00) on shares of Ventas in a report on Monday, February 26th. Mizuho lifted their target price on Ventas from $53.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Evercore ISI upgraded Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, March 18th. Finally, Bank of America upgraded Ventas from a “neutral” rating to a “buy” rating and lifted their target price for the company from $48.00 to $53.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

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.