Blair William & Co. IL Boosts Stock Position in Ventas, Inc. $VTR

Key Points

• Blair William & Co. IL increased its stake in Ventas, Inc. by 32.0% in Q2 2023, owning 16,623 shares valued at approximately $1,050,000.
• The CEO Peter J. Bulgarelli sold 2,554 shares for $179,444, while Debra A. Cafaro sold 10,322 shares for $699,831, reflecting a decrease in their ownership.Insiders have sold 107,523 shares over the last three months.
• Ventas reported $0.87 EPS for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.48 to be paid on October 16.

Blair William & Co. IL grew its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 32.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,623 shares of the real estate investment trust's stock after buying an additional 4,026 shares during the period. Blair William & Co. IL's holdings in Ventas were worth $1,050,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE raised its stake in Ventas by 1.1% during the 2nd quarter. US Bancorp DE now owns 23,375 shares of the real estate investment trust's stock valued at $1,476,000 after purchasing an additional 256 shares during the period. Vontobel Holding Ltd. raised its stake in Ventas by 141.4% during the 2nd quarter. Vontobel Holding Ltd. now owns 37,333 shares of the real estate investment trust's stock valued at $2,358,000 after purchasing an additional 21,866 shares during the period. Maryland State Retirement & Pension System raised its stake in Ventas by 8.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 21,205 shares of the real estate investment trust's stock valued at $1,339,000 after purchasing an additional 1,641 shares during the period. Louisiana State Employees Retirement System raised its stake in Ventas by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,800 shares of the real estate investment trust's stock valued at $1,503,000 after purchasing an additional 300 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in Ventas by 1.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 167,619 shares of the real estate investment trust's stock valued at $10,654,000 after purchasing an additional 2,800 shares during the period. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Peter J. Bulgarelli sold 2,554 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total value of $179,444.04. Following the transaction, the chief executive officer directly owned 116,488 shares of the company's stock, valued at approximately $8,184,446.88. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total value of $699,831.60. Following the completion of the transaction, the chief executive officer directly owned 1,145,695 shares in the company, valued at $77,678,121. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,523 shares of company stock valued at $7,286,192. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

VTR has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Ventas in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $77.00 price objective on the stock. UBS Group initiated coverage on Ventas in a research note on Friday, September 19th. They issued a "neutral" rating and a $73.00 price objective on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $78.00 price objective (up previously from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ventas in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ventas presently has an average rating of "Moderate Buy" and a consensus price target of $75.23.

Ventas Price Performance

VTR opened at $68.89 on Thursday. Ventas, Inc. has a 12-month low of $56.68 and a 12-month high of $71.36. 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 business's fifty day simple moving average is $68.36 and its 200-day simple moving average is $66.40. The company has a market capitalization of $31.31 billion, a price-to-earnings ratio of 160.20, a PEG ratio of 2.50 and a beta of 0.89.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The business's revenue 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, equities research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Ventas's dividend 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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