Recent Buy – Ventas Inc

Ventas Inc

Its been a quiet month in my portfolio as I have been watching mostly from the sidelines waiting for the right opportunity. While the overall market is at lofty levels, it is important to remember that it is market of stocks and not a stock market. Yes, the indexes point to the fact that the overall market (measured according to these indexes – which simply includes the valuation of the index components) are stretched, but there are pockets of opportunities that exist and patience is the name of the game. As earnings season starts up, one opportunity finally came up last Friday and I was able to deploy some cash adding to an existing position.

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Ventas Inc Dividend Increase

Ventas Inc

Ventas Inc (VTR) recently spun-off its skilled nursing facilities into a separate company – Care Capital Properties (CCP). For every 4 shares of VTR, 1 share of CCP was issued. As part of the deal, it was announced that the combined dividends will be 10% higher than VTR’s pre-spinoff dividends. Ventas and Care Capital Properties have kept their promise and declared quarterly dividends of $0.73 for Ventas and $0.57 for Care Capital.

The annualized dividend for Ventas pre-split was $3.16. Post-spin off, the annual dividends are $2.92 for VTR and $2.28 for CCP.

Full Disclosure: Long CCP, VTR. My full list of holdings is available here.

Recent Buy – Ventas Inc

Ventas Inc

A new purchase and a new addition to my portfolio! Over the last few weeks, I have been re-evaluating my overall portfolio to see where I can tweak things to shed positions that do not make sense for my investing needs anymore, and re-allocating those funds where good opportunities exist. While the overall market is at lofty levels, it is important to remember that it is market of stocks and not a stock market. Yes, the indexes point to the fact that the overall market (measured according to these indexes – which simply includes the valuation of the index components) are stretched, but some companies have already gone close to correction or attained technical correction territory (fallen atleast 10% from the peaks). So, looking at these pockets of opportunity, I have decided to initiate a new position.

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Ventas Inc – Buying Opportunity Coming Up

Ventas Inc

Ventas Inc (VTR) is the second largest healthcare-focused real estate investment trust by market cap. Ventas owned facilities include hospitals, skilled nursing, senior housing, medical offices etc. Ventas Inc, a Dividend Challenger, sports an impressive 4.7% dividend yield and a 5-year dividend growth rate of 7.7%. As of Q1 2015, Ventas’ portfolio includes 803 senior housing communities, 390 skilled nursing facilities, 375 medical office buildings, 53 hospitals and 11 other – for a total of 1632 properties in United States, Canada and UK.

The recent increase in stock prices after the Ardent Medical Services acquisition has died down and Ventas is on the verge of spinning off its skilled nursing facilities operations, resulting in a new $5B company. The stock price is currently attractively valued and slow accumulation of shares is recommended as volatility returns due to potential interest rate hikes.

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