Wedmont Private Capital raised its holdings in Ventas, Inc. (NYSE:VTR – Free Report) by 22.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,754 shares of the real estate investment trust’s stock after purchasing an additional 857 shares during the quarter. Wedmont Private Capital’s holdings in Ventas were worth $298,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in VTR. State of Wyoming boosted its stake in shares of Ventas by 32.5% during the 4th quarter. State of Wyoming now owns 975 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 239 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Ventas during the 4th quarter worth about $1,477,000. Waverly Advisors LLC purchased a new stake in shares of Ventas during the 4th quarter worth about $210,000. GF Fund Management CO. LTD. purchased a new stake in shares of Ventas during the 4th quarter worth about $444,000. Finally, Toronto Dominion Bank lifted its stake in Ventas by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 223,711 shares of the real estate investment trust’s stock valued at $13,174,000 after buying an additional 20,746 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Debra A. Cafaro sold 10,322 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total value of $699,831.60. Following the completion of the sale, the chief executive officer owned 1,145,695 shares of the company’s stock, valued at approximately $77,678,121. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter J. Bulgarelli sold 406 shares of Ventas stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $70.00, for a total transaction of $28,420.00. Following the completion of the transaction, the chief executive officer directly owned 121,082 shares of the company’s stock, valued at $8,475,740. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 277,194 shares of company stock valued at $18,307,501 in the last quarter. Company insiders own 1.00% of the company’s stock.
Ventas Stock Down 1.2%
Ventas (NYSE:VTR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. Ventas’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. As a group, sell-side analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current year.
Ventas Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.9%. Ventas’s payout ratio is 446.51%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $78.00 target price (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Ventas from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Argus reissued a “buy” rating and issued a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. UBS Group assumed coverage on shares of Ventas in a research report on Friday. They issued a “neutral” rating and a $73.00 price target for the company. Finally, Evercore ISI upped their target price on shares of Ventas from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.08.
Read Our Latest Stock Analysis on Ventas
About Ventas
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.
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