OLD National Bancorp IN Has $13.29 Million Stock Holdings in Ventas, Inc. $VTR

Key Points

• OLD National Bancorp IN has increased its holdings in Ventas, Inc. by 2.5% during the second quarter, now owning 210,374 shares valued at approximately $13.29 million.
• Ventas recently announced a quarterly dividend of $0.48 per share, with an annualized yield of 2.8%, and a payout ratio of 446.51%.
• Analyst ratings for Ventas reflect a positive sentiment, with one Strong Buy, ten Buy, and four Hold ratings, alongside an average target price of $75.23.

OLD National Bancorp IN raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,374 shares of the real estate investment trust's stock after acquiring an additional 5,194 shares during the quarter. OLD National Bancorp IN's holdings in Ventas were worth $13,285,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Ventas in the first quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake in Ventas by 1,334.6% in the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 347 shares during the last quarter. Rossby Financial LCC acquired a new stake in Ventas in the first quarter valued at approximately $34,000. Ameritas Advisory Services LLC acquired a new stake in Ventas in the second quarter valued at approximately $33,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Ventas in the first quarter valued at approximately $41,000. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Argus reiterated a "buy" rating and issued a $75.00 target price on shares of Ventas in a research note on Tuesday, August 26th. Scotiabank boosted their price objective on shares of Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Raymond James Financial restated an "outperform" rating and issued a $78.00 price objective (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Finally, UBS Group assumed coverage on shares of Ventas in a research note on Friday, September 19th. They issued a "neutral" rating and a $73.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.23.

Ventas Trading Up 0.3%

Shares of VTR stock opened at $69.77 on Friday. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $71.36. The firm's fifty day simple moving average is $68.22 and its 200 day simple moving average is $66.37. The firm has a market capitalization of $31.71 billion, a P/E ratio of 162.25, a price-to-earnings-growth ratio of 2.57 and a beta of 0.89. 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 (NYSE:VTR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The business 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. Ventas's 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. As a group, sell-side analysts predict that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.48 per share. 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 2.8%. Ventas's payout ratio is 446.51%.

Insiders Place Their Bets

In related news, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the transaction, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. The trade was a 49.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 14,753 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.60, for a total transaction of $967,796.80. Following the transaction, the chief executive officer directly owned 1,145,695 shares in the company, valued at $75,157,592. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 292,110 shares of company stock worth $19,354,742 in the last ninety days. 0.80% of the stock is currently owned by insiders.

Ventas 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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