US Bancorp DE boosted its stake in Ventas, Inc. (NYSE:VTR – Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,375 shares of the real estate investment trust’s stock after buying an additional 256 shares during the period. US Bancorp DE’s holdings in Ventas were worth $1,476,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Ethic Inc. increased its holdings in shares of Ventas by 27.9% during the first quarter. Ethic Inc. now owns 66,748 shares of the real estate investment trust’s stock valued at $4,624,000 after purchasing an additional 14,568 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Ventas during the first quarter valued at $276,000. Nicola Wealth Management LTD. acquired a new position in shares of Ventas during the first quarter valued at $1,169,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Ventas by 25.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 376,973 shares of the real estate investment trust’s stock valued at $25,921,000 after purchasing an additional 77,066 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ventas by 40.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,773 shares of the real estate investment trust’s stock valued at $2,391,000 after purchasing an additional 10,091 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently commented on VTR shares. Cantor Fitzgerald started coverage on Ventas in a report on Wednesday, October 1st. They set an “overweight” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ventas in a report on Wednesday, October 8th. Argus reaffirmed a “buy” rating and set a $75.00 target price on shares of Ventas in a research note on Tuesday, August 26th. Finally, Evercore ISI raised their target price on Ventas from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.23.
Ventas Trading Up 0.9%
NYSE:VTR opened at $69.54 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a 1-year low of $56.68 and a 1-year high of $71.36. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 161.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.89. The stock has a fifty day simple moving average of $68.38 and a 200 day simple moving average of $66.40.
Ventas (NYSE:VTR – Get Free Report) last released 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. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company posted $0.80 EPS. Ventas’s revenue for the quarter was up 18.3% on a year-over-year basis. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Sell-side analysts forecast that Ventas, Inc. will post 3.4 earnings per share for the current year.
Ventas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were given a $0.48 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Ventas’s dividend payout ratio (DPR) is 446.51%.
Insider Activity at Ventas
In related news, CFO Robert F. Probst sold 29,691 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the transaction, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. This trade represents a 14.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was 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 directly owned 1,145,695 shares of the company’s stock, valued at approximately $77,678,121. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,050 shares of company stock worth $6,726,778 in the last quarter. 0.80% of the stock is owned by company insiders.
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.
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