Busey Bank Acquires 5,031 Shares of Ventas, Inc. $VTR

Key Points

• Busey Bank increased its holdings in Ventas, Inc. by 4.8%, owning 109,166 shares valued at approximately $6.89 million at the end of the second quarter.
• Several hedge funds have recently adjusted their stakes in Ventas, with institutional investors holding 94.18% of the company's stock.
• Ventas announced a quarterly dividend of $0.48 per share, which will be payable on October 16th, representing an annualized yield of 2.9%.

Busey Bank grew its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,166 shares of the real estate investment trust's stock after buying an additional 5,031 shares during the period. Busey Bank's holdings in Ventas were worth $6,894,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VTR. Cloud Capital Management LLC acquired a new stake in Ventas during the first quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Ventas by 1,334.6% in the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 347 shares in the last quarter. Franchise Capital Ltd acquired a new position in shares of Ventas in the first quarter valued at approximately $32,000. Rossby Financial LCC acquired a new position in Ventas during the 1st quarter worth approximately $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ventas in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 94.18% of the company's stock.

Insider Activity at Ventas

In other Ventas news, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the transaction, the chief financial officer owned 168,364 shares of the company's stock, valued at $11,004,271.04. The trade was a 49.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Debra A. Cafaro sold 14,753 shares of Ventas stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.60, for a total value of $967,796.80. Following the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at $75,157,592. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 277,194 shares of company stock worth $18,307,501 in the last ninety days. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VTR. Evercore ISI increased their price target on shares of Ventas from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Argus reissued a "buy" rating and set a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. Morgan Stanley boosted their price target on shares of Ventas from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 15th. Scotiabank boosted their price target on shares of Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Finally, UBS Group began coverage on Ventas in a research note on Friday. They set a "neutral" rating and a $73.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ventas currently has a consensus rating of "Moderate Buy" and an average target price of $75.08.

Ventas Stock Down 1.2%

Shares of NYSE VTR traded down $0.84 during mid-day trading on Friday, reaching $67.13. 7,286,705 shares of the company's stock were exchanged, compared to its average volume of 2,616,510. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 156.12, a PEG ratio of 2.48 and a beta of 0.87. 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 has a fifty day simple moving average of $67.66 and a 200 day simple moving average of $66.24. Ventas, Inc. has a twelve month low of $56.68 and a twelve month high of $71.36.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%.Ventas's revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. As a group, equities analysts expect that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.9%. Ventas's payout ratio is 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.