Chevy Chase Trust Holdings LLC Buys 9,114 Shares of Ventas, Inc. $VTR

Key Points

• Chevy Chase Trust Holdings LLC increased its holdings in Ventas, Inc. by 4.0%, acquiring an additional 9,114 shares, bringing their total ownership to 238,389 shares valued at approximately $15 million.
• Several analysts have recently upgraded their price targets for Ventas, with Raymond James raising their target to $78.00, which reflects a positive outlook on the stock.
• Ventas announced a quarterly dividend of $0.48 per share, representing an annualized dividend of $1.92, which translates to a yield of 2.7%.

Chevy Chase Trust Holdings LLC grew its holdings in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,389 shares of the real estate investment trust's stock after buying an additional 9,114 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Ventas worth $15,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VTR. Cloud Capital Management LLC bought a new stake in shares of Ventas during the 1st quarter valued at $25,000. Larson Financial Group LLC raised its position in shares of Ventas by 1,334.6% in the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 347 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Ventas in the 2nd quarter worth about $33,000. Rossby Financial LCC purchased a new position in shares of Ventas in the 1st quarter worth about $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ventas in the 1st quarter worth about $41,000. Institutional investors own 94.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VTR. Scotiabank lifted their price target on Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $78.00 price target (up previously from $74.00) on shares of Ventas in a research report on Friday, August 22nd. Morgan Stanley lifted their price target on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ventas in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a research 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 company's stock. According to MarketBeat, Ventas currently has an average rating of "Moderate Buy" and an average target price of $75.23.

Ventas Price Performance

NYSE VTR opened at $70.65 on Friday. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $71.36. The firm has a market capitalization of $32.11 billion, a P/E ratio of 164.30, a PEG ratio of 2.60 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. The company has a 50-day moving average price of $68.42 and a 200-day moving average price of $66.39.

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, beating 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 during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Equities research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. Ventas's payout ratio is 446.51%.

Insider Activity at Ventas

In related news, CEO Peter J. Bulgarelli sold 2,554 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total transaction of $179,444.04. Following the completion of the transaction, the chief executive officer directly owned 116,488 shares in the company, valued at approximately $8,184,446.88. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total value of $699,831.60. Following the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at approximately $77,678,121. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,050 shares of company stock worth $6,726,778. 0.80% of the stock is owned by company insiders.

About Ventas

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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