Presima Securities ULC Buys 47,130 Shares of Ventas, Inc. $VTR

Key Points

• Presima Securities ULC has increased its stake in Ventas, Inc. by 10.7%, making it the fund's 5th largest position, with ownership of 487,072 shares valued at approximately $33.5 million.
• Ventas reported earnings of $0.87 per share for the latest quarter, exceeding analysts' expectations and showing a significant year-over-year revenue increase of 18.3%.
• Recent analyst ratings have varied, with Morgan Stanley and JPMorgan raising their price targets on Ventas to $75.00 and $76.00, respectively, while the stock maintains an average rating of "Moderate Buy" with a target price of $74.36.

Presima Securities ULC grew its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,072 shares of the real estate investment trust's stock after purchasing an additional 47,130 shares during the period. Ventas comprises approximately 7.5% of Presima Securities ULC's investment portfolio, making the stock its 5th largest holding. Presima Securities ULC owned 0.11% of Ventas worth $33,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Ventas during the first quarter worth $359,113,000. JPMorgan Chase & Co. boosted its stake in shares of Ventas by 9.5% during 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 acquiring an additional 2,811,241 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ventas by 3.7% in the first 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 purchasing an additional 2,440,551 shares during the period. Rush Island Management LP increased its position in shares of Ventas by 130.6% in the fourth quarter. Rush Island Management LP now owns 3,097,830 shares of the real estate investment trust's stock valued at $182,431,000 after buying an additional 1,754,494 shares in the last quarter. Finally, AQR Capital Management LLC raised 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 worth $110,243,000 after buying an additional 1,191,773 shares during the period. Institutional investors and hedge funds own 94.18% of the company's stock.

Insider Buying and Selling

In related news, CFO Robert F. Probst sold 29,691 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $68.49, for a total value of $2,033,536.59. Following the transaction, the chief financial officer directly owned 168,364 shares in the company, valued at approximately $11,531,250.36. This represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Debra A. Cafaro sold 10,322 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $67.80, for a total value of $699,831.60. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares of the company's stock, valued at $77,678,121. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,788 shares of company stock valued at $18,279,081 in the last 90 days. Insiders own 1.00% of the company's stock.

Ventas Trading Up 0.3%

NYSE:VTR traded up $0.19 during trading hours on Tuesday, hitting $68.27. The company had a trading volume of 2,434,543 shares, compared to its average volume of 2,380,386. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $71.36. The company has a market cap of $31.03 billion, a P/E ratio of 158.77, a P/E/G ratio of 2.51 and a beta of 0.87. The company has a 50-day moving average of $66.79 and a 200 day moving average of $66.28. 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 quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The company'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. Sell-side analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Ventas from $72.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Morgan Stanley boosted their target price on shares of Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 15th. Argus restated a "buy" rating and set a $75.00 price target on shares of Ventas in a research report on Tuesday, August 26th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $78.00 price target (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ventas presently has a consensus rating of "Moderate Buy" and an average price target of $74.36.

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.