New York Life Investment Management LLC Raises Stock Position in Ventas, Inc. $VTR

New York Life Investment Management LLC grew its holdings in Ventas, Inc. (NYSE:VTR) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 67,210 shares of the real estate investment trust’s stock after acquiring an additional 2,959 shares during the period. New York Life Investment Management LLC’s holdings in Ventas were worth $4,244,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of Ventas during the 1st quarter worth about $25,000. Larson Financial Group LLC boosted its position in shares of Ventas by 1,334.6% during the first 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. Rossby Financial LCC purchased a new position in shares of Ventas during the first quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Ventas during the second quarter valued at approximately $33,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Ventas during the first quarter valued at approximately $41,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Argus restated a “buy” rating and set a $75.00 target price on shares of Ventas in a research report on Tuesday, August 26th. Morgan Stanley boosted their target price on Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. UBS Group initiated coverage on Ventas in a research report on Friday, September 19th. They set a “neutral” rating and a $73.00 target price for the company. Finally, Scotiabank boosted their price objective on shares of Ventas from $72.00 to $74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.46.

Insider Buying and Selling

In related news, CEO Debra A. Cafaro sold 219,515 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $71.32, for a total value of $15,655,809.80. Following the completion of the transaction, the chief executive officer owned 1,145,695 shares of the company’s stock, valued at $81,710,967.40. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert F. Probst sold 29,691 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the completion of the transaction, the chief financial officer directly owned 168,364 shares of the company’s stock, valued at $11,531,250.36. This trade represents a 14.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 274,850 shares of company stock valued at $19,464,839 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Ventas Price Performance

Ventas stock opened at $74.38 on Friday. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of 143.05, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. Ventas, Inc. has a 1 year low of $56.68 and a 1 year high of $74.71. The firm has a 50-day moving average of $68.90 and a two-hundred day moving average of $66.74.

Ventas (NYSE:VTR) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Ventas had a net margin of 4.28% and a return on equity of 2.10%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. Ventas has set its FY 2025 guidance at 3.450-3.480 EPS. On average, research analysts forecast that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Ventas’s dividend payout ratio is presently 446.51%.

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.