Czech National Bank Increases Stake in Ventas, Inc. $VTR

Key Points

• The Czech National Bank increased its stake in Ventas, Inc. by 9.9% in Q2, acquiring an additional 9,902 shares worth approximately $6.97 million.
• Ventas reported earnings of $0.87 per share for the last quarter, surpassing analyst expectations, with a revenue increase of 18.3% year-over-year.
• Insider selling was notable, with CFO Robert F. Probst and CEO Debra A. Cafaro selling substantial shares, resulting in a 49.99% drop in Probst's ownership and a 1.27% decrease for Cafaro.

Czech National Bank raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 9.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,313 shares of the real estate investment trust's stock after buying an additional 9,902 shares during the quarter. Czech National Bank's holdings in Ventas were worth $6,966,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VTR. Lindbrook Capital LLC grew its stake in shares of Ventas by 3.9% during the 1st quarter. Lindbrook Capital LLC now owns 4,440 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 165 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Ventas by 1.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust's stock worth $734,000 after buying an additional 172 shares in the last quarter. Kentucky Retirement Systems grew its position in Ventas by 0.6% during the first quarter. Kentucky Retirement Systems now owns 28,574 shares of the real estate investment trust's stock valued at $1,965,000 after buying an additional 183 shares during the period. Smartleaf Asset Management LLC increased its holdings in Ventas by 7.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,896 shares of the real estate investment trust's stock valued at $199,000 after buying an additional 193 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Ventas by 17.9% during the 1st quarter. Quarry LP now owns 1,313 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VTR shares. UBS Group began coverage on Ventas in a research note on Friday. They issued a "neutral" rating and a $73.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Morgan Stanley increased their target price on Ventas from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Friday, August 15th. Raymond James Financial reissued an "outperform" rating and issued a $78.00 price target (up previously from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Finally, Evercore ISI upped their price objective on shares of Ventas from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.08.

Ventas Trading Down 1.2%

NYSE:VTR traded down $0.84 on Friday, hitting $67.13. The stock had a trading volume of 7,286,705 shares, compared to its average volume of 2,385,423. The company has a fifty day moving average price of $67.66 and a two-hundred day moving average price of $66.26. Ventas, Inc. has a 1-year low of $56.68 and a 1-year high of $71.36. 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 stock has a market cap of $30.51 billion, a price-to-earnings ratio of 156.12, a PEG ratio of 2.48 and a beta of 0.87.

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 for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company 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 expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given 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 yield of 2.9%. Ventas's dividend payout ratio is presently 446.51%.

Insider Buying and Selling at Ventas

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 stock was sold at an average price of $68.49, for a total value of $2,033,536.59. Following the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at $11,531,250.36. The trade was a 14.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter J. Bulgarelli sold 406 shares of Ventas stock in a transaction on Monday, September 15th. The shares were sold at an average price of $70.00, for a total value of $28,420.00. Following the completion of the sale, the chief executive officer directly owned 121,082 shares of the company's stock, valued at $8,475,740. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 277,194 shares of company stock worth $18,307,501 over the last three months. Insiders own 0.80% of the company's stock.

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.