Ventas, Inc. $VTR Shares Purchased by Spirit of America Management Corp NY

Key Points

• Spirit of America Management Corp NY increased its stake in Ventas, Inc. by 33.5%, holding 15,950 shares valued at $1,007,000 as of the end of Q2.
• Ventas reported an EPS of $0.87 for its last quarterly earnings, surpassing estimates and reflecting an 18.3% year-over-year revenue growth.
• The firm announced a quarterly dividend of $0.48, translating to an annualized yield of 2.7%, with a notably high payout ratio of 446.51%.

Spirit of America Management Corp NY raised its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,950 shares of the real estate investment trust's stock after purchasing an additional 4,000 shares during the period. Spirit of America Management Corp NY's holdings in Ventas were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC raised its position in Ventas by 4.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 238,389 shares of the real estate investment trust's stock valued at $15,054,000 after purchasing an additional 9,114 shares during the period. Easterly Investment Partners LLC bought a new position in Ventas during the 2nd quarter valued at $18,991,000. Stratos Wealth Partners LTD. boosted its stake in Ventas by 24.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,763 shares of the real estate investment trust's stock valued at $301,000 after acquiring an additional 935 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Ventas by 1,042.6% in the 2nd quarter. Nordea Investment Management AB now owns 386,881 shares of the real estate investment trust's stock worth $24,064,000 after buying an additional 353,022 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Ventas in the 2nd quarter worth about $201,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Stock Performance

Shares of VTR opened at $70.65 on Friday. The company's 50 day moving average price is $68.42 and its 200 day moving average price is $66.41. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $71.36. The company has a market capitalization of $32.11 billion, a PE ratio of 164.30, a PEG ratio of 2.56 and a beta of 0.89. 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 (NYSE:VTR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm's revenue was up 18.3% on a year-over-year basis. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Research analysts expect that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Ventas's payout ratio is currently 446.51%.

Insiders Place Their Bets

In other news, CEO Debra A. Cafaro sold 10,322 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $70.24, for a total value of $725,017.28. Following the completion of the sale, the chief executive officer directly owned 1,145,695 shares in the company, valued at approximately $80,473,616.80. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter J. Bulgarelli sold 2,554 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total transaction of $179,444.04. Following the completion of the sale, the chief executive officer owned 116,488 shares of the company's stock, valued at $8,184,446.88. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,050 shares of company stock valued at $6,726,778 over the last ninety days. Corporate insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Evercore ISI raised their price target on shares of Ventas from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. UBS Group began coverage on shares of Ventas in a research report on Friday, September 19th. They issued a "neutral" rating and a $73.00 price objective on the stock. Scotiabank boosted their price target on shares of 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 shares of Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ventas in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ventas currently has a consensus rating of "Moderate Buy" and an average target price of $75.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.