Patton Fund Management Inc. Has $2.63 Million Stake in Ventas, Inc. $VTR

Key Points

• Patton Fund Management Inc. reduced its stake in Ventas, Inc. by 43.6% during the second quarter, bringing its holdings to 41,704 shares valued at approximately $2.63 million.
• Ventas recently reported a quarterly earnings result of $0.87 EPS, surpassing analysts' expectations and demonstrating an 18.3% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.48 per share, reflecting an annualized yield of 2.8% and a high payout ratio of 446.51%.

Patton Fund Management Inc. trimmed its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 43.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,704 shares of the real estate investment trust's stock after selling 32,291 shares during the period. Patton Fund Management Inc.'s holdings in Ventas were worth $2,634,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Lindbrook Capital LLC boosted its position 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 acquiring an additional 165 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Ventas by 1.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 172 shares in the last quarter. Kentucky Retirement Systems boosted its holdings in shares of Ventas by 0.6% in the 1st quarter. Kentucky Retirement Systems now owns 28,574 shares of the real estate investment trust's stock valued at $1,965,000 after purchasing an additional 183 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Ventas by 7.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,896 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 193 shares in the last quarter. Finally, Quarry LP boosted its stake in Ventas by 17.9% in the first quarter. Quarry LP now owns 1,313 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VTR shares. UBS Group initiated coverage on Ventas in a research note on Friday, September 19th. They issued a "neutral" rating and a $73.00 price objective on the stock. Morgan Stanley raised their price target on shares of Ventas from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. Evercore ISI raised their target price on shares of Ventas from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Raymond James Financial restated an "outperform" rating and issued a $78.00 target price (up previously from $74.00) on shares of Ventas in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $75.08.

Ventas Price Performance

Shares of NYSE:VTR opened at $68.99 on Friday. The firm has a market cap of $31.35 billion, a PE ratio of 160.43, a price-to-earnings-growth ratio of 2.51 and a beta of 0.87. The firm's fifty day moving average is $67.94 and its 200-day moving average is $66.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $71.36.

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

Ventas Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the transaction, the chief financial officer owned 168,364 shares in the company, valued at approximately $11,004,271.04. The trade was a 49.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 14,753 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer 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 sold a total of 277,194 shares of company stock worth $18,307,501 in the last 90 days. Corporate insiders own 0.80% of the company's stock.

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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