Intact Investment Management Inc. Sells 8,400 Shares of Ventas, Inc. $VTR

Intact Investment Management Inc. trimmed its position in Ventas, Inc. (NYSE:VTR) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,300 shares of the real estate investment trust’s stock after selling 8,400 shares during the quarter. Intact Investment Management Inc.’s holdings in Ventas were worth $3,366,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in Ventas in the 2nd quarter valued at $33,000. Golden State Wealth Management LLC boosted its position in shares of Ventas by 52.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 536 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 185 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ventas during the 2nd quarter valued at about $35,000. Zions Bancorporation National Association UT bought a new stake in Ventas in the first quarter valued at about $41,000. Finally, IFP Advisors Inc raised its position in Ventas by 61.3% in the second quarter. IFP Advisors Inc now owns 974 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Wall Street Analyst Weigh In

VTR has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price objective on Ventas from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Evercore ISI boosted their price target on Ventas from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Argus reiterated a “buy” rating and issued a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. Citigroup increased their price objective on Ventas from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Scotiabank lifted their price objective on Ventas from $74.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ventas has an average rating of “Moderate Buy” and a consensus price target of $78.40.

Insiders Place Their Bets

In related news, CFO Robert F. Probst sold 33,591 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $76.77, for a total value of $2,578,781.07. Following the completion of the sale, the chief financial officer owned 168,364 shares of the company’s stock, valued at $12,925,304.28. This trade represents a 16.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Debra A. Cafaro sold 317,258 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $74.24, for a total transaction of $23,553,233.92. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares of the company’s stock, valued at $85,056,396.80. This trade represents a 21.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 688,590 shares of company stock valued at $50,754,668. Insiders own 0.80% of the company’s stock.

Ventas Price Performance

Ventas stock opened at $77.55 on Thursday. The business’s fifty day moving average is $74.68 and its two-hundred day moving average is $69.13. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $36.43 billion, a P/E ratio of 149.14, a P/E/G ratio of 2.02 and a beta of 0.78. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $81.89.

Ventas (NYSE:VTR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Ventas had a return on equity of 2.05% and a net margin of 4.28%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.80 earnings per share. The firm’s quarterly 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 forecast that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.5%. Ventas’s payout ratio is currently 369.23%.

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.