Carmel Capital Partners LLC Sells 4,091 Shares of Ventas, Inc. $VTR

Key Points

• Carmel Capital Partners LLC has reduced its stake in Ventas, Inc. by 52.1%, selling 4,091 shares in the second quarter, leaving it with 3,768 shares valued at approximately $238,000.
• Recent analyst reports have set new price targets for Ventas, with Evercore ISI increasing the target to $80.00 and maintaining an "outperform" rating, while the company has a consensus price target of $75.23.
• Ventas recently announced a $0.48 quarterly dividend, resulting in an annualized dividend yield of 2.7% and a high dividend payout ratio of 446.51%.

Carmel Capital Partners LLC decreased its position in Ventas, Inc. (NYSE:VTR - Free Report) by 52.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,768 shares of the real estate investment trust's stock after selling 4,091 shares during the period. Carmel Capital Partners LLC's holdings in Ventas were worth $238,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC lifted its stake in Ventas by 4.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 238,389 shares of the real estate investment trust's stock valued at $15,054,000 after acquiring an additional 9,114 shares in the last quarter. Easterly Investment Partners LLC bought a new stake in shares of Ventas during the 2nd quarter worth approximately $18,991,000. Stratos Wealth Partners LTD. raised its stake in shares of Ventas by 24.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,763 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 935 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Ventas by 1,042.6% during the 2nd quarter. Nordea Investment Management AB now owns 386,881 shares of the real estate investment trust's stock worth $24,064,000 after purchasing an additional 353,022 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ventas during the 2nd quarter worth approximately $201,000. Institutional investors own 94.18% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Argus reiterated a "buy" rating and set a $75.00 price objective on shares of Ventas in a research note on Tuesday, August 26th. Cantor Fitzgerald assumed coverage on Ventas in a research note on Wednesday, October 1st. They set an "overweight" rating and a $77.00 price objective on the stock. Evercore ISI boosted their target price on Ventas from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Morgan Stanley boosted their target price on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Finally, Raymond James Financial reissued an "outperform" rating and set a $78.00 target price (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.23.

Insider Transactions at Ventas

In other news, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 1,145,695 shares of the company's stock, valued at approximately $80,473,616.80. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter J. Bulgarelli sold 2,554 shares of the 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 directly owned 116,488 shares in the company, valued at approximately $8,184,446.88. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,050 shares of company stock valued at $6,726,778. 0.80% of the stock is owned by corporate insiders.

Ventas Stock Performance

Shares of NYSE VTR opened at $70.65 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. The stock's fifty day moving average price is $68.42 and its two-hundred day moving average price is $66.41. Ventas, Inc. has a one year low of $56.68 and a one year high of $71.36. The firm has a market cap of $32.11 billion, a price-to-earnings ratio of 164.30, a P/E/G ratio of 2.56 and a beta of 0.89.

Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company'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, equities analysts forecast that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

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

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