Korea Investment CORP Purchases 127,820 Shares of Ventas, Inc. $VTR

Korea Investment CORP lifted its position in shares of Ventas, Inc. (NYSE:VTR) by 46.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,522 shares of the real estate investment trust’s stock after buying an additional 127,820 shares during the period. Korea Investment CORP’s holdings in Ventas were worth $27,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Ventas during the first quarter valued at approximately $25,000. Larson Financial Group LLC boosted its stake in shares of Ventas by 1,334.6% in the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 347 shares in the last quarter. Franchise Capital Ltd bought a new position in shares of Ventas during the 1st quarter valued at $32,000. Rossby Financial LCC purchased a new position in Ventas in the 1st quarter worth $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Ventas in the first quarter worth $41,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Robert F. Probst sold 168,318 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the completion of the transaction, the chief financial officer directly owned 168,364 shares of the company’s stock, valued at $11,004,271.04. This represents a 49.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carey S. Roberts sold 23,500 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $64.23, for a total transaction of $1,509,405.00. Following the completion of the sale, the executive vice president owned 116,650 shares of the company’s stock, valued at $7,492,429.50. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 307,340 shares of company stock worth $20,221,787. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on VTR. Scotiabank upped their price target on shares of Ventas from $71.00 to $72.00 and gave the company a “sector perform” rating in a research report on Monday, June 23rd. Morgan Stanley boosted their target price on Ventas from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. Royal Bank Of Canada raised their price target on Ventas from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised Ventas from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $72.00 in a research note on Monday, June 23rd. Finally, Wall Street Zen downgraded Ventas from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.40.

Ventas Trading Up 1.1%

NYSE VTR opened at $67.95 on Wednesday. The stock has a market cap of $30.88 billion, a P/E ratio of 158.02, a price-to-earnings-growth ratio of 2.42 and a beta of 0.87. Ventas, Inc. has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The stock has a 50 day simple moving average of $65.33 and a two-hundred day simple moving average of $65.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68.

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

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.