OLD National Bancorp IN Acquires 5,194 Shares of Ventas, Inc. $VTR

OLD National Bancorp IN raised its holdings in Ventas, Inc. (NYSE:VTR) by 2.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 210,374 shares of the real estate investment trust’s stock after purchasing an additional 5,194 shares during the period. OLD National Bancorp IN’s holdings in Ventas were worth $13,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Ventas in the 1st quarter valued at $25,000. Larson Financial Group LLC increased its holdings in 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 buying an additional 347 shares during the period. Ameritas Advisory Services LLC bought a new stake in Ventas in the 2nd quarter valued at $33,000. Rossby Financial LCC bought a new stake in Ventas in the 1st quarter valued at $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ventas in the 1st quarter worth about $41,000. Institutional investors own 94.18% of the company’s stock.

Ventas Stock Up 0.3%

Shares of NYSE VTR opened at $69.77 on Friday. The firm’s 50-day simple moving average is $68.22 and its 200 day simple moving average is $66.37. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 162.25, a price-to-earnings-growth ratio of 2.57 and a beta of 0.89. 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 12-month low of $56.68 and a 12-month high of $71.36.

Ventas (NYSE:VTR) last issued 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 the consensus estimate of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, research analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.8%. Ventas’s dividend payout ratio is 446.51%.

Insider Activity

In other Ventas news, CFO Robert F. Probst sold 168,318 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the transaction, the chief financial officer directly owned 168,364 shares in the company, valued at approximately $11,004,271.04. This represents a 49.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Debra A. Cafaro sold 14,753 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.60, for a total transaction of $967,796.80. Following the transaction, the chief executive officer owned 1,145,695 shares in the company, valued at approximately $75,157,592. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 292,110 shares of company stock worth $19,354,742. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Ventas from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. UBS Group assumed coverage on shares of Ventas in a report on Friday, September 19th. They issued a “neutral” rating and a $73.00 target price on the stock. Argus reaffirmed a “buy” rating and issued a $75.00 target price on shares of Ventas in a report on Tuesday, August 26th. Morgan Stanley upped their target price on shares of Ventas from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 15th. Finally, Scotiabank upped their target price on shares of Ventas from $72.00 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.