Allianz Asset Management GmbH Raises Stock Position in Ventas, Inc. $VTR

Key Points

• Allianz Asset Management GmbH increased its stake in Ventas, Inc. (NYSE:VTR) by 0.9%, owning approximately 729,348 shares valued at $46.06 million after acquiring an additional 6,545 shares in the second quarter.
• Ventas reported $1.42 billion in revenue for the recent quarter, surpassing expectations, and achieved earnings of $0.87 per share, above the consensus estimate of $0.85.
• The company announced a quarterly dividend of $0.48 per share, yielding 2.7%, and insiders, including the CFO, have sold shares recently, indicating potential profit-taking.

Allianz Asset Management GmbH boosted its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 729,348 shares of the real estate investment trust's stock after purchasing an additional 6,545 shares during the period. Allianz Asset Management GmbH owned approximately 0.16% of Ventas worth $46,058,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VTR. Nuveen LLC purchased a new position in Ventas during the first quarter worth about $359,113,000. JPMorgan Chase & Co. raised its stake in Ventas by 9.5% during the first 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 period. Vanguard Group Inc. raised its stake 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 purchasing an additional 2,440,551 shares during the period. AQR Capital Management LLC raised its stake in Ventas by 289.6% during the first quarter. AQR Capital Management LLC now owns 1,603,300 shares of the real estate investment trust's stock worth $110,243,000 after purchasing an additional 1,191,773 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Ventas by 40.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,649,367 shares of the real estate investment trust's stock worth $250,930,000 after purchasing an additional 1,056,447 shares during the period. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Price Performance

Shares of VTR opened at $70.65 on Friday. Ventas, Inc. has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The firm's 50 day moving average price is $68.42 and its 200 day moving average price is $66.41. The company has a market cap of $32.11 billion, a P/E ratio of 164.30, a PEG ratio of 2.56 and a beta of 0.89. 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 (NYSE:VTR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $0.80 EPS. The firm'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. On average, research analysts forecast that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Ventas's dividend payout ratio is presently 446.51%.

Insider Buying and Selling

In other Ventas news, CFO Robert F. Probst sold 29,691 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $68.49, for a total transaction 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. The trade was a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $70.24, for a total transaction of $725,017.28. Following the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at $80,473,616.80. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,050 shares of company stock valued at $6,726,778 in the last ninety days. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

VTR has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Ventas from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Raymond James Financial restated an "outperform" rating and issued a $78.00 price objective (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. Scotiabank upped their price objective on shares of Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Morgan Stanley upped their price objective on shares of Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ventas has an average rating of "Moderate Buy" and a consensus target price of $75.23.

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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