Greenleaf Trust lessened its holdings in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,041 shares of the real estate investment trust’s stock after selling 1,104 shares during the quarter. Greenleaf Trust’s holdings in Ventas were worth $1,139,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Ventas by 3.7% during the first quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust’s stock worth $4,740,422,000 after acquiring an additional 2,440,551 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ventas by 9.5% during the 1st quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock worth $2,224,203,000 after purchasing an additional 2,811,241 shares during the last quarter. Resolution Capital Ltd boosted its holdings in shares of Ventas by 10.5% during the 1st quarter. Resolution Capital Ltd now owns 7,889,848 shares of the real estate investment trust’s stock worth $542,506,000 after purchasing an additional 751,587 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ventas by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,414,404 shares of the real estate investment trust’s stock worth $441,056,000 after buying an additional 281,232 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Ventas by 3.1% during the first quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust’s stock worth $440,230,000 after buying an additional 194,860 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VTR has been the topic of a number of recent research reports. Argus reissued a “buy” rating and set a $75.00 price objective on shares of Ventas in a research note on Tuesday, August 26th. Scotiabank boosted their price target on shares of Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Cantor Fitzgerald started coverage on shares of Ventas in a research report on Wednesday. They set an “overweight” rating and a $77.00 price target on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $78.00 target price (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. Finally, UBS Group initiated coverage on shares of Ventas in a report on Friday, September 19th. They issued a “neutral” rating and a $73.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.23.
Insiders Place Their Bets
In related news, CFO Robert F. Probst sold 168,318 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the transaction, the chief financial officer owned 168,364 shares of the company’s stock, valued at approximately $11,004,271.04. This represents a 49.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Debra A. Cafaro sold 14,753 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.60, for a total value of $967,796.80. Following the transaction, the chief executive officer directly owned 1,145,695 shares in the company, valued at approximately $75,157,592. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 277,194 shares of company stock worth $18,307,501 over the last 90 days. 0.80% of the stock is owned by insiders.
Ventas Trading Up 0.6%
NYSE VTR opened at $70.40 on Thursday. The firm’s 50-day moving average is $68.11 and its two-hundred day moving average is $66.36. Ventas, Inc. has a 12 month low of $56.68 and a 12 month high of $71.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $31.99 billion, a P/E ratio of 163.71, a PEG ratio of 2.58 and a beta of 0.89.
Ventas (NYSE:VTR – Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Ventas’s revenue for the quarter was up 18.3% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, sell-side analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current year.
Ventas Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 30th. Ventas’s dividend payout ratio is 446.51%.
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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