Ventas, Inc. $VTR Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 24.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,315 shares of the real estate investment trust’s stock after purchasing an additional 2,009 shares during the period. Convergence Investment Partners LLC’s holdings in Ventas were worth $651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VTR. GAMMA Investing LLC grew its position in Ventas by 20.0% during the 1st quarter. GAMMA Investing LLC now owns 9,959 shares of the real estate investment trust’s stock worth $685,000 after purchasing an additional 1,660 shares during the period. Spire Wealth Management grew its position in Ventas by 10.1% during the 1st quarter. Spire Wealth Management now owns 2,802 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 256 shares during the period. Bessemer Group Inc. grew its position in Ventas by 5.1% during the 1st quarter. Bessemer Group Inc. now owns 6,700 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 328 shares during the period. Diversified Trust Co boosted its stake in shares of Ventas by 6.1% during the 1st quarter. Diversified Trust Co now owns 4,233 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 245 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ventas by 27.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,657 shares of the real estate investment trust’s stock worth $7,402,000 after acquiring an additional 23,176 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ventas

In other news, CFO Robert F. Probst sold 29,691 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. This trade represents a 14.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Bulgarelli sold 2,554 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 116,488 shares of the company’s stock, valued at $8,184,446.88. This represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 289,072 shares of company stock worth $20,427,497 in the last 90 days. Insiders own 1.00% of the company’s stock.

Ventas Trading Up 1.6%

Shares of Ventas stock opened at $71.53 on Tuesday. The firm’s 50-day moving average price is $68.75 and its 200 day moving average price is $66.63. The firm has a market capitalization of $32.51 billion, a PE ratio of 166.35, a P/E/G ratio of 2.38 and a beta of 0.89. 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, Inc. has a twelve month low of $56.68 and a twelve month high of $72.02.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $1.42 billion during 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 business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, sell-side analysts predict that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. Ventas’s dividend payout ratio (DPR) is currently 446.51%.

Analysts Set New Price Targets

VTR has been the topic of several recent analyst reports. Weiss Ratings raised shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Ventas from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Morgan Stanley increased 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. Evercore ISI increased their target price on shares of Ventas from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Argus reissued a “buy” rating and set a $75.00 target price on shares of Ventas in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ventas currently has an average rating of “Moderate Buy” and a consensus price target of $75.46.

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.