Ventas (NYSE:VTR) Sets New 1-Year High – Here’s What Happened

by · The Markets Daily

Ventas, Inc. (NYSE:VTR – Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $81.09 and last traded at $80.9990, with a volume of 391840 shares. The stock had previously closed at $80.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VTR shares. Argus reiterated a “buy” rating and set a $75.00 target price on shares of Ventas in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ventas in a research report on Monday. Scotiabank lifted their target price on Ventas from $74.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Evercore ISI upped their price target on Ventas from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Raymond James Financial restated an “outperform” rating and issued a $78.00 price objective (up from $74.00) on shares of Ventas in a research report on Friday, August 22nd. 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 stock. Based on data from MarketBeat, Ventas has a consensus rating of “Moderate Buy” and an average price target of $78.40.

Get Our Latest Stock Report on VTR

Ventas Price Performance

The stock has a market cap of $38.10 billion, a P/E ratio of 155.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a 50-day moving average price of $73.62 and a 200-day moving average price of $68.59.

Ventas (NYSE:VTR – Get Free Report) last announced its quarterly earnings data 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. Ventas had a return on equity of 2.05% and a net margin of 4.28%.The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.450-3.480 EPS. On average, analysts forecast that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Announces Dividend

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

Insider Transactions at Ventas

In other news, CEO Peter J. Bulgarelli sold 3,924 shares of the stock in a transaction on Tuesday, November 4th. The shares were 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 directly owned 112,564 shares of the company’s stock, valued at $8,442,300. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Probst sold 33,591 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $76.77, for a total value of $2,578,781.07. Following the sale, the chief financial officer owned 168,364 shares of the company’s stock, valued at $12,925,304.28. This represents a 16.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 688,590 shares of company stock valued at $50,754,668 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Ventas by 2.5% during the third quarter. Vanguard Group Inc. now owns 73,598,827 shares of the real estate investment trust’s stock valued at $5,151,182,000 after purchasing an additional 1,802,515 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ventas by 9.5% in the 1st quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust’s stock valued at $2,224,203,000 after acquiring an additional 2,811,241 shares during the last quarter. State Street Corp increased its stake in Ventas by 3.3% during the third quarter. State Street Corp now owns 28,927,015 shares of the real estate investment trust’s stock worth $2,038,176,000 after acquiring an additional 928,386 shares during the last quarter. Geode Capital Management LLC raised its position in Ventas by 4.9% during the second quarter. Geode Capital Management LLC now owns 12,226,283 shares of the real estate investment trust’s stock valued at $769,061,000 after purchasing an additional 574,663 shares during the period. Finally, Resolution Capital Ltd increased its position in shares of Ventas by 10.5% during the 1st quarter. Resolution Capital Ltd now owns 7,889,848 shares of the real estate investment trust’s stock valued at $542,506,000 after purchasing an additional 751,587 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors.

Ventas Company Profile

(Get Free Report)

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.

Read More