Old North State Wealth Management LLC Trims Stock Position in Ventas, Inc. $VTR

Key Points

• Old North State Wealth Management LLC reduced its stake in Ventas, Inc. by 44.6%, ending the quarter with 21,837 shares valued at $1,380,000 after selling 17,590 shares.
• Insider transactions revealed significant sales, including CFO Robert F. Probst selling 168,318 shares worth approximately $11 million, reflecting a 49.99% decrease in their position.
• The firm reported $0.87 EPS for the quarter, surpassing analysts' expectations, and raised its FY 2025 guidance to 3.410-3.46 EPS while offering a quarterly dividend of $0.48.

Old North State Wealth Management LLC cut its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 44.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,837 shares of the real estate investment trust's stock after selling 17,590 shares during the quarter. Old North State Wealth Management LLC's holdings in Ventas were worth $1,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in Ventas in the first quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in Ventas by 1,334.6% during the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 347 shares in the last quarter. Franchise Capital Ltd acquired a new position in shares of Ventas during the first quarter worth $32,000. Rossby Financial LCC acquired a new position in shares of Ventas during the first quarter worth $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ventas during the first quarter worth $41,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Robert F. Probst sold 168,318 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.36, for a total value of $11,001,264.48. Following the completion of the transaction, the chief financial officer owned 168,364 shares in the company, valued at $11,004,271.04. This trade represents a 49.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Debra A. Cafaro sold 14,753 shares of Ventas stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.60, for a total value of $967,796.80. Following the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at $75,157,592. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 277,194 shares of company stock valued at $18,307,501 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Ventas Stock Performance

Shares of Ventas stock opened at $68.13 on Friday. The stock's fifty day simple moving average is $67.88 and its 200 day simple moving average is $66.28. The company has a market capitalization of $30.96 billion, a PE ratio of 158.44, a PEG ratio of 2.52 and a beta of 0.87. 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 12 month low of $56.68 and a 12 month high of $71.36.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The firm had revenue of $1.42 billion during 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 company's revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, research analysts predict that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. Ventas's dividend payout ratio (DPR) is presently 446.51%.

Analysts Set New Price Targets

VTR has been the subject of a number of research analyst reports. Raymond James Financial restated 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. Evercore ISI lifted their price objective on Ventas from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Scotiabank boosted 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. Morgan Stanley boosted 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. Finally, JPMorgan Chase & Co. lifted their price objective on Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.08.

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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