Peter J. Bulgarelli Sells 406 Shares of Ventas (NYSE:VTR) Stock

Key Points

• CEO Peter Bulgarelli of Ventas, Inc. sold 406 shares at an average price of $70.00, reducing his stake by 0.33% to approximately $8.48 million worth of shares.
• Ventas reported earnings per share of $0.87 for the last quarter, exceeding analysts' expectations and reflecting an 18.3% year-over-year revenue growth.
• Analysts have set new price targets for Ventas, with forecasts ranging up to $80.00, while the stock currently has a consensus rating of "Moderate Buy."

Ventas, Inc. (NYSE:VTR - Get Free Report) CEO Peter J. Bulgarelli sold 406 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $70.00, for a total value of $28,420.00. Following the completion of the transaction, the chief executive officer owned 121,082 shares in the company, valued at approximately $8,475,740. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ventas Trading Down 1.2%

Ventas stock traded down $0.84 during mid-day trading on Friday, hitting $67.13. The stock had a trading volume of 7,286,705 shares, compared to its average volume of 2,616,510. The stock has a 50-day simple moving average of $67.66 and a two-hundred day simple moving average of $66.24. The stock has a market capitalization of $30.51 billion, a PE ratio of 156.12, a P/E/G ratio of 2.48 and a beta of 0.87. Ventas, Inc. has a 12 month low of $56.68 and a 12 month high of $71.36. 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 posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. As a group, sell-side analysts forecast that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.9%. Ventas's dividend payout ratio (DPR) is currently 446.51%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VTR shares. Argus reiterated a "buy" rating and issued a $75.00 price target on shares of Ventas in a report on Tuesday, August 26th. Morgan Stanley increased their target price on Ventas from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. Evercore ISI increased their target price on Ventas from $77.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. UBS Group initiated coverage on Ventas in a research note on Friday. They issued a "neutral" rating and a $73.00 target price on the stock. Finally, Scotiabank increased their target price on Ventas from $72.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.08.

Institutional Investors Weigh In On Ventas

Hedge funds have recently modified their holdings of the business. Ethic Inc. raised its position in shares of Ventas by 27.9% during the first quarter. Ethic Inc. now owns 66,748 shares of the real estate investment trust's stock worth $4,624,000 after purchasing an additional 14,568 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Ventas during the first quarter worth about $276,000. NBC Securities Inc. acquired a new stake in shares of Ventas during the first quarter worth about $65,000. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Ventas by 25.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 376,973 shares of the real estate investment trust's stock worth $25,921,000 after purchasing an additional 77,066 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Ventas by 40.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,773 shares of the real estate investment trust's stock worth $2,391,000 after purchasing an additional 10,091 shares during the period. Institutional investors and hedge funds own 94.18% 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.