New York State Teachers Retirement System Purchases 708 Shares of Ventas, Inc. $VTR

New York State Teachers Retirement System raised its position in shares of Ventas, Inc. (NYSE:VTR) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,714 shares of the real estate investment trust’s stock after purchasing an additional 708 shares during the period. New York State Teachers Retirement System owned about 0.07% of Ventas worth $19,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in VTR. Ethic Inc. raised its holdings in shares of Ventas by 27.9% in the 1st quarter. Ethic Inc. now owns 66,748 shares of the real estate investment trust’s stock valued at $4,624,000 after purchasing an additional 14,568 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in Ventas during the first quarter valued at approximately $276,000. Nicola Wealth Management LTD. bought a new position in Ventas in the first quarter worth approximately $1,169,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Ventas by 25.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 376,973 shares of the real estate investment trust’s stock worth $25,921,000 after buying an additional 77,066 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Ventas by 40.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,773 shares of the real estate investment trust’s stock valued at $2,391,000 after acquiring an additional 10,091 shares in the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price objective on Ventas from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. UBS Group assumed coverage on shares of Ventas in a research report on Friday, September 19th. They set a “neutral” rating and a $73.00 price target for the company. Raymond James Financial restated an “outperform” rating and issued a $78.00 price target (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. Morgan Stanley boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Ventas from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.23.

Insider Buying and Selling at Ventas

In other news, CEO Peter J. Bulgarelli sold 2,554 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $70.26, for a total value of $179,444.04. Following the transaction, the chief executive officer directly owned 116,488 shares of the company’s stock, valued at approximately $8,184,446.88. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Probst sold 29,691 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the transaction, the chief financial officer owned 168,364 shares of the company’s stock, valued at approximately $11,531,250.36. The trade was a 14.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,050 shares of company stock worth $6,726,778. 0.80% of the stock is currently owned by insiders.

Ventas Stock Performance

Shares of Ventas stock opened at $70.65 on Friday. The company has a 50 day moving average price of $68.42 and a 200 day moving average price of $66.41. The firm has a market capitalization of $32.11 billion, a P/E ratio of 164.30, a PEG ratio of 2.56 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. Ventas, Inc. has a 52 week low of $56.68 and a 52 week high of $71.36.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Ventas had a net margin of 3.61% and a return on equity of 1.75%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $0.80 EPS. Ventas’s revenue for the quarter was up 18.3% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Sell-side analysts expect that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Announces Dividend

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