TD Asset Management Inc Grows Stock Holdings in Ventas, Inc. $VTR

Key Points

• TD Asset Management Inc increased its holdings in Ventas, Inc. by 130.6% in the second quarter, acquiring an additional 196,254 shares, bringing its total to 346,492 shares valued at approximately $21.88 million.
• Many institutional investors, including JPMorgan Chase and Goldman Sachs, have significantly boosted their stakes in Ventas, contributing to a total of 94.18% of the company's shares being owned by institutional investors.
• Ventas announced a quarterly dividend of $0.48, with an annualized yield of 2.7% and a dividend payout ratio of 446.51%.

TD Asset Management Inc raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 130.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 346,492 shares of the real estate investment trust's stock after acquiring an additional 196,254 shares during the period. TD Asset Management Inc owned 0.08% of Ventas worth $21,881,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Ventas in the first quarter valued at $359,113,000. JPMorgan Chase & Co. boosted its stake in Ventas by 9.5% in the 1st quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust's stock worth $2,224,203,000 after buying an additional 2,811,241 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ventas by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust's stock valued at $4,740,422,000 after buying an additional 2,440,551 shares during the period. AQR Capital Management LLC increased its stake in shares of Ventas by 289.6% during the 1st quarter. AQR Capital Management LLC now owns 1,603,300 shares of the real estate investment trust's stock valued at $110,243,000 after acquiring an additional 1,191,773 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ventas by 40.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,649,367 shares of the real estate investment trust's stock worth $250,930,000 after acquiring an additional 1,056,447 shares during the period. Institutional investors and hedge funds own 94.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VTR. Weiss Ratings restated a "hold (c+)" rating on shares of Ventas in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Cantor Fitzgerald began coverage on Ventas in a report on Wednesday, October 1st. They set an "overweight" rating and a $77.00 price objective for the company. UBS Group initiated coverage on Ventas in a report on Friday, September 19th. They issued a "neutral" rating and a $73.00 target price on the stock. Finally, Argus reissued a "buy" rating and set a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. One 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 stock. According to data from MarketBeat.com, Ventas has an average rating of "Moderate Buy" and an average target price of $75.23.

Insider Activity at Ventas

In related news, CEO Peter J. Bulgarelli sold 2,554 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total transaction of $179,444.04. Following the sale, the chief executive officer directly owned 116,488 shares in the company, valued at approximately $8,184,446.88. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $70.24, for a total value of $725,017.28. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at approximately $80,473,616.80. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,050 shares of company stock worth $6,726,778. 0.80% of the stock is currently owned by company insiders.

Ventas Trading Up 1.6%

Shares of VTR stock opened at $70.65 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The firm's 50 day moving average price is $68.42 and its two-hundred day moving average price is $66.41. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 164.30, a price-to-earnings-growth ratio of 2.56 and a beta of 0.89.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $1.42 billion during 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%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, analysts anticipate that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were paid a $0.48 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. Ventas's dividend payout ratio (DPR) is 446.51%.

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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