Investment Management Corp of Ontario Boosts Holdings in Ventas, Inc. $VTR

Investment Management Corp of Ontario increased its stake in shares of Ventas, Inc. (NYSE:VTR) by 1,019.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,061 shares of the real estate investment trust’s stock after acquiring an additional 121,170 shares during the quarter. Investment Management Corp of Ontario’s holdings in Ventas were worth $8,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in shares of Ventas by 15.9% during the first quarter. Blair William & Co. IL now owns 12,597 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 1,730 shares during the last quarter. Citigroup Inc. grew its stake in Ventas by 73.8% during the 1st quarter. Citigroup Inc. now owns 419,717 shares of the real estate investment trust’s stock worth $28,860,000 after buying an additional 178,210 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Ventas during the 1st quarter worth approximately $41,000. Townsquare Capital LLC acquired a new position in Ventas during the first quarter worth approximately $377,000. Finally, Nuveen LLC purchased a new stake in Ventas in the first quarter valued at approximately $359,113,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Trading Up 0.6%

NYSE VTR opened at $81.09 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $38.09 billion, a P/E ratio of 155.95, a P/E/G ratio of 2.03 and a beta of 0.78. Ventas, Inc. has a 52-week low of $56.68 and a 52-week high of $81.85. The firm has a 50-day moving average price of $74.34 and a 200 day moving average price of $68.96.

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

Ventas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were given a $0.48 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.4%. Ventas’s dividend payout ratio is presently 369.23%.

Insiders Place Their Bets

In other Ventas news, CEO Peter J. Bulgarelli sold 3,924 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $75.00, for a total value of $294,300.00. Following the completion of the sale, the chief executive officer owned 112,564 shares of the company’s stock, valued at approximately $8,442,300. This trade represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Probst sold 33,591 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $76.77, for a total transaction of $2,578,781.07. Following the transaction, the chief financial officer directly owned 168,364 shares in the company, valued at approximately $12,925,304.28. This trade represents a 16.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 688,590 shares of company stock worth $50,754,668. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VTR has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Ventas from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ventas in a research note on Monday, December 1st. Argus reissued a “buy” rating and set a $75.00 price objective on shares of Ventas in a research report on Tuesday, August 26th. Morgan Stanley upped their target price on shares of Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 15th. Finally, Citigroup increased their target price on shares of Ventas from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ventas has a consensus rating of “Moderate Buy” and an average target price of $78.40.

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.