New York Life Investment Management LLC Buys 2,959 Shares of Ventas, Inc. $VTR

New York Life Investment Management LLC increased its stake in Ventas, Inc. (NYSE:VTR) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,210 shares of the real estate investment trust’s stock after purchasing an additional 2,959 shares during the quarter. New York Life Investment Management LLC’s holdings in Ventas were worth $4,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VTR. Nuveen LLC bought a new position in Ventas in the 1st quarter worth $359,113,000. JPMorgan Chase & Co. raised its position 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 valued at $2,224,203,000 after purchasing an additional 2,811,241 shares during the period. Vanguard Group Inc. raised its position in shares of Ventas by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust’s stock valued at $4,740,422,000 after purchasing an additional 2,440,551 shares during the period. AQR Capital Management LLC raised its position in shares of Ventas by 289.6% during the 1st quarter. AQR Capital Management LLC now owns 1,603,300 shares of the real estate investment trust’s stock valued at $110,243,000 after purchasing an additional 1,191,773 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Ventas by 40.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,649,367 shares of the real estate investment trust’s stock valued at $250,930,000 after purchasing an additional 1,056,447 shares during the period. 94.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ventas news, CEO Debra A. Cafaro sold 219,515 shares of Ventas stock in a transaction on Monday, October 20th. The shares were sold at an average price of $71.32, for a total value of $15,655,809.80. Following the completion of the transaction, the chief executive officer directly owned 1,145,695 shares of the company’s stock, valued at $81,710,967.40. This trade represents a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Peter J. Bulgarelli sold 2,554 shares of Ventas stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total transaction of $179,444.04. Following the completion of the transaction, the chief executive officer directly owned 116,488 shares of the company’s stock, valued at $8,184,446.88. The trade was a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 274,850 shares of company stock valued at $19,464,839 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Morgan Stanley raised their price objective on shares of Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. Cantor Fitzgerald assumed coverage on shares of Ventas in a research report on Wednesday, October 1st. They set an “overweight” rating and a $77.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, UBS Group assumed coverage on shares of Ventas in a research report on Friday, September 19th. They set a “neutral” rating and a $73.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.46.

Ventas Trading Up 6.6%

Shares of VTR stock opened at $74.38 on Friday. Ventas, Inc. has a 12-month low of $56.68 and a 12-month high of $74.71. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average price is $68.90 and its 200-day moving average price is $66.74. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 143.05, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89.

Ventas (NYSE:VTR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. Ventas had a return on equity of 2.10% and a net margin of 4.28%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.450-3.480 EPS. Equities research analysts predict that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Ventas’s payout ratio is 446.51%.

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.