DoubleLine ETF Adviser LP Sells 5,241 Shares of Ventas, Inc. $VTR

Key Points

• DoubleLine ETF Adviser LP reduced its stake in Ventas, Inc. by 17.6%, selling 5,241 shares during the first quarter, leaving them with 24,454 shares valued at approximately $1.68 million.
• Several analysts increased their target prices for Ventas stock, with estimates now ranging from $74.00 to $78.00, indicating positive sentiment about the company's performance.
• Insider selling activity included CEO Debra A. Cafaro selling over 10,000 shares, while CFO Robert F. Probst divested nearly 30,000 shares, reflecting a combined decrease in their holdings.

DoubleLine ETF Adviser LP lowered its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,454 shares of the real estate investment trust's stock after selling 5,241 shares during the quarter. DoubleLine ETF Adviser LP's holdings in Ventas were worth $1,681,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VTR. Ethic Inc. raised its position in Ventas by 27.9% in the first quarter. Ethic Inc. now owns 66,748 shares of the real estate investment trust's stock worth $4,624,000 after acquiring an additional 14,568 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Ventas in the first quarter worth about $276,000. NBC Securities Inc. bought a new stake in Ventas in the first quarter worth about $65,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in Ventas by 25.7% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 376,973 shares of the real estate investment trust's stock worth $25,921,000 after buying an additional 77,066 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Ventas by 40.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,773 shares of the real estate investment trust's stock worth $2,391,000 after buying an additional 10,091 shares during the period. Institutional investors and hedge funds own 94.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. JPMorgan Chase & Co. boosted their price objective on Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Argus restated a "buy" rating and set a $75.00 price objective on shares of Ventas in a report on Tuesday, August 26th. Wall Street Zen downgraded Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Scotiabank boosted their price objective on Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Ventas currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.36.

Ventas Stock Up 0.2%

NYSE:VTR traded up $0.16 on Friday, hitting $67.88. 2,688,717 shares of the company's stock traded hands, compared to its average volume of 2,312,876. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $71.36. The firm has a 50-day moving average price of $66.59 and a 200-day moving average price of $66.26. The company has a market cap of $30.85 billion, a PE ratio of 157.87, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

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

Insider Activity at Ventas

In related news, CEO Debra A. Cafaro sold 10,322 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $67.80, for a total value of $699,831.60. Following the completion of the sale, the chief executive officer owned 1,145,695 shares of the company's stock, valued at approximately $77,678,121. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert F. Probst sold 29,691 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the sale, the chief financial officer directly owned 168,364 shares of the company's stock, valued at approximately $11,531,250.36. The trade was a 14.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 276,788 shares of company stock valued at $18,279,081. 0.80% of the stock is currently 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.