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Northern Trust Corp Buys 194,860 Shares of Ventas, Inc. $VTR

Ventas logo with Finance background

Key Points

  • Northern Trust Corp increased its stake in Ventas, Inc. by 3.1% during the 1st quarter, owning a total of 6,402,413 shares valued at approximately $440.23 million.
  • Ventas reported $1.42 billion in revenue and $0.87 earnings per share for the last quarter, exceeding analysts' expectations.
  • Insiders sold a total of 307,340 shares of Ventas stock in the last quarter, reflecting significant activity among company executives.
  • Looking to export and analyze Ventas data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Northern Trust Corp increased its position in Ventas, Inc. (NYSE:VTR - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,402,413 shares of the real estate investment trust's stock after buying an additional 194,860 shares during the period. Northern Trust Corp owned 1.42% of Ventas worth $440,230,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of Ventas by 3.9% during the first 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. DoubleLine ETF Adviser LP raised its holdings in Ventas by 0.6% during the fourth quarter. DoubleLine ETF Adviser LP now owns 29,695 shares of the real estate investment trust's stock worth $1,749,000 after buying an additional 171 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Ventas by 1.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust's stock valued at $734,000 after buying an additional 172 shares in the last quarter. Kentucky Retirement Systems grew its holdings in shares of 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 last quarter. Finally, Naviter Wealth LLC increased its position in shares of Ventas by 0.7% during the first quarter. Naviter Wealth LLC now owns 30,169 shares of the real estate investment trust's stock worth $2,074,000 after acquiring an additional 200 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on VTR. Raymond James Financial reiterated an "outperform" rating and set a $78.00 price target (up previously from $74.00) on shares of Ventas in a research note on Friday. Scotiabank lifted their price objective on shares of Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. Royal Bank Of Canada boosted their target price on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised Ventas from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $70.00 to $72.00 in a research report on Monday, June 23rd. Finally, Morgan Stanley lifted their target price on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ventas has a consensus rating of "Moderate Buy" and an average target price of $73.82.

Get Our Latest Report on VTR

Insider Activity

In related news, CFO Robert F. Probst sold 29,691 shares of the company'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 transaction of $2,033,536.59. Following the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,531,250.36. This represents a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carey S. Roberts sold 23,500 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $64.23, for a total transaction of $1,509,405.00. Following the completion of the transaction, the executive vice president directly owned 116,650 shares of the company's stock, valued at approximately $7,492,429.50. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 307,340 shares of company stock worth $20,221,787 over the last ninety days. Company insiders own 0.80% of the company's stock.

Ventas Stock Performance

Shares of VTR stock traded down $1.4050 on Friday, hitting $67.7150. 2,665,073 shares of the stock were exchanged, compared to its average volume of 2,683,666. The firm has a market capitalization of $30.77 billion, a PE ratio of 157.48, a P/E/G ratio of 2.50 and a beta of 0.87. Ventas, Inc. has a one year low of $56.68 and a one year high of $71.36. 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 firm's 50 day moving average is $65.63 and its two-hundred day moving average is $65.94.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (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 company 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 firm posted $0.80 earnings per share. The company's quarterly revenue was up 18.3% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Sell-side analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

About Ventas

(Free Report)

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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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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