OLD National Bancorp IN Cuts Holdings in Ventas, Inc. (NYSE:VTR)

OLD National Bancorp IN decreased its position in shares of Ventas, Inc. (NYSE:VTR) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,180 shares of the real estate investment trust’s stock after selling 1,584 shares during the period. OLD National Bancorp IN’s holdings in Ventas were worth $14,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Franchise Capital Ltd bought a new stake in Ventas in the first quarter worth about $32,000. Promus Capital LLC bought a new stake in shares of Ventas during the fourth quarter valued at approximately $38,000. SRS Capital Advisors Inc. raised its stake in Ventas by 1,039.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 738 shares in the last quarter. Transce3nd LLC bought a new position in Ventas in the fourth quarter worth approximately $48,000. Finally, State of Wyoming lifted its holdings in Ventas by 32.5% during the fourth quarter. State of Wyoming now owns 975 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Buying and Selling

In other Ventas news, EVP Carey S. Roberts sold 23,500 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $64.23, for a total transaction of $1,509,405.00. Following the sale, the executive vice president now directly owns 116,650 shares in the company, valued at $7,492,429.50. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Probst sold 69,592 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $64.59, for a total transaction of $4,494,947.28. Following the sale, the chief financial officer now owns 168,364 shares in the company, valued at approximately $10,874,630.76. This trade represents a 29.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,586 shares of company stock valued at $10,997,929. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VTR shares. Morgan Stanley lifted their price target on shares of Ventas from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Royal Bank of Canada upped their price target on shares of Ventas from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Scotiabank upped their price target on shares of Ventas from $69.00 to $72.00 and gave the company a “sector perform” rating in a report on Friday, February 28th. Mizuho upped their price objective on shares of Ventas from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ventas from $71.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ventas presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Ventas Stock Up 0.5%

Shares of NYSE VTR opened at $63.65 on Friday. Ventas, Inc. has a 12-month low of $49.26 and a 12-month high of $71.36. The stock has a market cap of $28.72 billion, a PE ratio of 335.00, a P/E/G ratio of 2.59 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average of $65.84 and a 200 day moving average of $63.92.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Ventas had a net margin of 1.65% and a return on equity of 0.82%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts predict that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.02%. Ventas’s payout ratio is currently 581.82%.

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.