Zimmer Partners LP Lowers Position in Ventas, Inc. $VTR

Key Points

• Zimmer Partners LP significantly reduced its stake in Ventas, Inc. by 89.8%, selling over 1 million shares and now holding 117,500 shares valued at approximately $8.08 million.
• Several institutional investors, including Ethic Inc. and Cbre Investment Management, also increased their holdings in Ventas, with Ethic Inc. raising its stake by 27.9%.
• Ventas reported a quarterly EPS of $0.87, exceeding expectations, and announced FY 2025 guidance between $3.410 to $3.46 EPS.

Zimmer Partners LP lowered its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 89.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,500 shares of the real estate investment trust's stock after selling 1,032,431 shares during the period. Zimmer Partners LP's holdings in Ventas were worth $8,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Ventas in the 1st quarter valued at about $25,000. Larson Financial Group LLC raised its holdings in shares of Ventas by 1,334.6% in the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 347 shares in the last quarter. Franchise Capital Ltd purchased a new stake in shares of Ventas in the 1st quarter valued at about $32,000. Rossby Financial LCC purchased a new stake in shares of Ventas in the 1st quarter valued at about $34,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Ventas during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 94.18% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on VTR shares. Raymond James Financial reiterated an "outperform" rating and set a $78.00 price objective (up from $74.00) on shares of Ventas in a research report on Friday, August 22nd. Scotiabank increased their price objective on Ventas from $72.00 to $74.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. increased their price objective on Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Argus reiterated a "buy" rating and set a $75.00 price objective on shares of Ventas in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Ventas from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.36.

Ventas Trading Up 0.4%

VTR traded up $0.27 on Friday, hitting $69.72. 1,758,466 shares of the company were exchanged, compared to its average volume of 2,264,455. The firm has a fifty day simple moving average of $67.18 and a two-hundred day simple moving average of $66.30. 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 12 month low of $56.68 and a 12 month high of $71.36. The stock has a market capitalization of $31.69 billion, a PE ratio of 162.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%.Ventas's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. 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.

Insider Buying and Selling

In other news, CEO Debra A. Cafaro sold 10,322 shares of Ventas 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 sale, the chief executive officer directly owned 1,145,695 shares in the company, valued at approximately $77,678,121. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Probst sold 29,691 shares of Ventas 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 completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 276,788 shares of company stock worth $18,279,081. Corporate insiders own 0.80% of the company's stock.

Ventas Company 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.