State of New Jersey Common Pension Fund D Has $25.71 Million Holdings in Ventas, Inc. $VTR

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in Ventas, Inc. by 2.7%, owning approximately 373,918 shares valued at $25.71 million.
• Ventas reported $0.87 earnings per share (EPS) for the last quarter, exceeding analysts' estimates, and saw an 18.3% year-over-year increase in revenue.
• Institutional investors own around 94.18% of Ventas, with significant stakes also being raised by major firms like Nuveen LLC and JPMorgan Chase & Co..

State of New Jersey Common Pension Fund D grew its position in Ventas, Inc. (NYSE:VTR - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,918 shares of the real estate investment trust's stock after acquiring an additional 10,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Ventas worth $25,711,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC bought a new stake in shares of Ventas in the 1st quarter worth approximately $276,000. NBC Securities Inc. bought a new stake in shares of Ventas in the 1st quarter worth approximately $65,000. Ethic Inc. lifted its position in shares of Ventas by 27.9% in the 1st 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 during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ventas by 40.9% in 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 acquiring an additional 10,091 shares during the period. Finally, Chicago Capital LLC acquired a new position in shares of Ventas in the 1st quarter worth approximately $579,000. Institutional investors own 94.18% of the company's stock.

Ventas Trading Down 0.0%

Shares of VTR stock traded down $0.0050 on Thursday, reaching $69.1750. 671,158 shares of the stock were exchanged, compared to its average volume of 3,072,075. The stock has a market cap of $31.44 billion, a PE ratio of 160.86, a P/E/G ratio of 2.44 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 debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a 50 day moving average price of $65.45 and a 200 day moving average price of $65.80.

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, topping analysts' consensus estimates of $0.85 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Equities research analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Insider Transactions at Ventas

In other news, CFO Robert F. Probst sold 29,691 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. The trade was a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Debra A. Cafaro sold 10,322 shares of Ventas stock in a transaction on Friday, August 1st. The stock was sold at an average price of $67.40, for a total value of $695,702.80. Following the sale, the chief executive officer directly owned 1,145,695 shares of the company's stock, valued at approximately $77,219,843. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 307,340 shares of company stock worth $20,221,787 over the last 90 days. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

VTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Ventas from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $70.00 to $72.00 in a report on Monday, June 23rd. Morgan Stanley increased their target price on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Wall Street Zen cut Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Scotiabank raised their price target on Ventas from $71.00 to $72.00 and gave the company a "sector perform" rating in a report on Monday, June 23rd. Finally, Royal Bank Of Canada raised their price target on Ventas from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Ventas has a consensus rating of "Moderate Buy" and an average price target of $73.40.

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.