State Street Corp Purchases 1,388,678 Shares of Ventas, Inc. $VTR

State Street Corp increased its position in Ventas, Inc. (NYSE:VTR) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,998,629 shares of the real estate investment trust’s stock after acquiring an additional 1,388,678 shares during the period. State Street Corp owned about 0.06% of Ventas worth $1,781,267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Natixis purchased a new position in shares of Ventas in the second quarter worth $20,139,000. Bank of Nova Scotia increased its holdings in Ventas by 10.1% in the 2nd quarter. Bank of Nova Scotia now owns 61,021 shares of the real estate investment trust’s stock worth $3,853,000 after buying an additional 5,573 shares in the last quarter. Cerity Partners LLC raised its position in Ventas by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 41,536 shares of the real estate investment trust’s stock worth $2,623,000 after buying an additional 305 shares during the last quarter. Federated Hermes Inc. lifted its stake in Ventas by 29.9% during the 2nd quarter. Federated Hermes Inc. now owns 81,474 shares of the real estate investment trust’s stock valued at $5,145,000 after acquiring an additional 18,753 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in Ventas during the 2nd quarter valued at about $805,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VTR shares. Evercore ISI lifted their price target 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. Citigroup lifted their target price on shares of Ventas from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Wells Fargo & Company increased their price target on Ventas from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Argus restated a “buy” rating and issued a $75.00 price target on shares of Ventas in a research note on Tuesday, August 26th. Finally, Cantor Fitzgerald upped their price objective on Ventas from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.40.

Ventas Trading Down 3.1%

NYSE:VTR opened at $77.55 on Thursday. Ventas, Inc. has a one year low of $56.68 and a one year high of $81.89. The business has a fifty day moving average price of $74.68 and a 200-day moving average price of $69.13. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 149.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.32 and a quick ratio of 0.32.

Ventas (NYSE:VTR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Ventas had a return on equity of 2.05% and a net margin of 4.28%.Ventas’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.450-3.480 EPS. Sell-side analysts forecast that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Ventas’s dividend payout ratio is currently 369.23%.

Insiders Place Their Bets

In other news, CFO Robert F. Probst sold 33,591 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $76.77, for a total transaction of $2,578,781.07. Following the sale, the chief financial officer directly owned 168,364 shares in the company, valued at $12,925,304.28. This trade represents a 16.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Bulgarelli sold 2,229 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $80.08, for a total transaction of $178,498.32. Following the completion of the transaction, the chief executive officer directly owned 106,488 shares of the company’s stock, valued at $8,527,559.04. This represents a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 688,590 shares of company stock worth $50,754,668. Company 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.