Presima Securities ULC reduced its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 486,153 shares of the real estate investment trust’s stock after selling 919 shares during the quarter. Ventas comprises approximately 7.1% of Presima Securities ULC’s portfolio, making the stock its 3rd biggest holding. Presima Securities ULC’s holdings in Ventas were worth $30,701,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in 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 worth $4,740,422,000 after purchasing an additional 2,440,551 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 increased its stake in 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 acquiring an additional 751,587 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Ventas by 4.6% during the 1st 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 acquiring an additional 281,232 shares during the period. Finally, Northern Trust Corp increased its stake in Ventas by 3.1% during the 1st quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust’s stock worth $440,230,000 after acquiring an additional 194,860 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on VTR shares. Raymond James Financial restated an “outperform” rating and set a $78.00 price objective (up previously from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Evercore ISI raised their price objective on Ventas from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Argus restated a “buy” rating and set a $75.00 price objective on shares of Ventas in a research note on Tuesday, August 26th. Morgan Stanley raised their price objective on Ventas from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 15th. Finally, UBS Group started coverage on Ventas in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.08.
Insider Buying and Selling
In related news, CEO Debra A. Cafaro sold 219,515 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $71.32, for a total transaction of $15,655,809.80. Following the sale, the chief executive officer owned 1,145,695 shares in the company, valued at $81,710,967.40. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter J. Bulgarelli sold 2,554 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total value of $179,444.04. Following the sale, the chief executive officer owned 116,488 shares in the company, valued at $8,184,446.88. This represents a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 274,850 shares of company stock worth $19,464,839 in the last 90 days. Insiders own 0.80% of the company’s stock.
Ventas Trading Down 0.5%
Shares of VTR opened at $73.97 on Friday. Ventas, Inc. has a 52-week low of $56.68 and a 52-week high of $74.71. The business’s fifty day moving average is $69.03 and its 200-day moving average is $66.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 142.25, a PEG ratio of 2.36 and a beta of 0.89.
Ventas (NYSE:VTR – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter 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 analysts anticipate that Ventas, Inc. will post 3.4 EPS for the current fiscal year.
Ventas Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.6%. Ventas’s payout ratio is currently 446.51%.
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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