Nordea Investment Management AB raised its position in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 406,029 shares of the real estate investment trust’s stock after purchasing an additional 19,148 shares during the quarter. Nordea Investment Management AB’s holdings in Ventas were worth $28,235,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC boosted its position in Ventas by 1,557.7% in the third quarter. True Wealth Design LLC now owns 431 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 405 shares during the last quarter. ORG Partners LLC lifted its stake in Ventas by 76.1% during the 3rd quarter. ORG Partners LLC now owns 456 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 197 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Ventas in the 2nd quarter valued at $33,000. Golden State Wealth Management LLC boosted its holdings in shares of Ventas by 52.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 536 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 185 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Ventas in the second quarter worth $35,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Ventas
In related news, CEO Debra A. Cafaro sold 317,258 shares of Ventas stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $74.24, for a total value of $23,553,233.92. Following the sale, the chief executive officer directly owned 1,145,695 shares in the company, valued at approximately $85,056,396.80. The trade was a 21.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter J. Bulgarelli sold 3,924 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 713,520 shares of company stock valued at $52,788,577. 0.80% of the stock is owned by corporate insiders.
Ventas Stock Down 0.2%
Ventas (NYSE:VTR – Get Free Report) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Ventas had a return on equity of 2.05% and a net margin of 4.28%.The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Ventas has set its FY 2025 guidance at 3.450-3.480 EPS. Analysts predict that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.
Ventas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, December 31st. Ventas’s dividend payout ratio is 369.23%.
Wall Street Analyst Weigh In
Several research firms have commented on VTR. Scotiabank upped their price target on shares of Ventas from $74.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 target price on shares of Ventas in a report on Monday, December 15th. Weiss Ratings raised Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. The Goldman Sachs Group began coverage on Ventas in a research report on Friday, January 9th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $93.00 target price on shares of Ventas in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.65.
Read Our Latest Stock Report on Ventas
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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