Corebridge Financial Inc. Sells 3,182 Shares of Ventas, Inc. (NYSE:VTR)

Corebridge Financial Inc. trimmed its holdings in Ventas, Inc. (NYSE:VTR) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,327 shares of the real estate investment trust’s stock after selling 3,182 shares during the quarter. Corebridge Financial Inc.’s holdings in Ventas were worth $5,849,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. boosted its position in shares of Ventas by 480.7% during the third quarter. Northwest & Ethical Investments L.P. now owns 26,214 shares of the real estate investment trust’s stock worth $1,681,000 after acquiring an additional 21,700 shares during the last quarter. Presima Securities ULC lifted its stake in Ventas by 38.0% in the 4th quarter. Presima Securities ULC now owns 439,942 shares of the real estate investment trust’s stock worth $25,908,000 after purchasing an additional 121,193 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Ventas by 726.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,267 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 4,630 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ventas by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,028,015 shares of the real estate investment trust’s stock valued at $296,100,000 after purchasing an additional 123,937 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Ventas by 48.4% in the fourth quarter. Mizuho Securities USA LLC now owns 39,760 shares of the real estate investment trust’s stock worth $2,341,000 after purchasing an additional 12,969 shares during the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Ventas from $72.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Baird R W raised shares of Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Wedbush boosted their target price on shares of Ventas from $69.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of Ventas from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Ventas presently has an average rating of “Moderate Buy” and an average target price of $72.90.

Ventas Trading Up 1.1 %

Shares of NYSE VTR opened at $68.74 on Friday. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $71.04. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 361.81, a PEG ratio of 2.59 and a beta of 1.37. The business’s 50 day moving average price is $64.99 and its 200-day moving average price is $63.27.

Ventas (NYSE:VTR) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. On average, sell-side analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.48 dividend. This is an increase from Ventas’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. Ventas’s dividend payout ratio is currently 1,010.53%.

Insider Transactions at Ventas

In related news, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $63.00, for a total value of $243,558.00. Following the transaction, the chief accounting officer now owns 11,371 shares of the company’s stock, valued at $716,373. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Debra A. Cafaro sold 41,294 shares of Ventas stock in a transaction on Friday, February 28th. The shares were sold at an average price of $69.08, for a total value of $2,852,589.52. Following the sale, the chief executive officer now directly owns 1,138,143 shares of the company’s stock, valued at approximately $78,622,918.44. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 260,227 shares of company stock valued at $17,769,097. 1.00% of the stock is currently owned by company insiders.

Ventas 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.