Ventas, Inc. (NYSE:VTR) Shares Acquired by Fifth Third Bancorp

Posted by Defense World Staff on Apr 8th, 2023

Fifth Third Bancorp increased its position in Ventas, Inc. (NYSE:VTR – Get Rating) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,164 shares of the real estate investment trust’s stock after buying an additional 9,296 shares during the period. Fifth Third Bancorp’s holdings in Ventas were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mirabella Financial Services LLP acquired a new position in shares of Ventas in the third quarter valued at approximately $2,487,000. Prudential PLC increased its position in Ventas by 10.7% during the third quarter. Prudential PLC now owns 8,523 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 826 shares during the last quarter. Engineers Gate Manager LP increased its position in Ventas by 6.8% during the third quarter. Engineers Gate Manager LP now owns 17,924 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 1,141 shares during the last quarter. CI Investments Inc. increased its position in Ventas by 26,379.6% during the third quarter. CI Investments Inc. now owns 12,975 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 12,926 shares during the last quarter. Finally, Sigma Planning Corp increased its position in Ventas by 1.7% during the third quarter. Sigma Planning Corp now owns 23,320 shares of the real estate investment trust’s stock worth $937,000 after purchasing an additional 399 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 32,932 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $52.74, for a total transaction of $1,736,833.68. Following the transaction, the chief executive officer now directly owns 863,555 shares in the company, valued at approximately $45,543,890.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Ventas Price Performance

Shares of VTR stock opened at $42.63 on Friday. The firm has a fifty day simple moving average of $47.40 and a 200-day simple moving average of $44.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.62 and a current ratio of 0.62. Ventas, Inc. has a twelve month low of $35.33 and a twelve month high of $62.07.

Ventas (NYSE:VTR – Get Rating) last announced its earnings results on Thursday, February 9th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.83). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Ventas had a negative net margin of 1.15% and a negative return on equity of 0.45%. Ventas’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. Equities analysts expect that Ventas, Inc. will post 2.96 EPS for the current year.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Monday, April 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 4.22%. Ventas’s dividend payout ratio (DPR) is presently -1,500.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VTR. KeyCorp dropped their price target on shares of Ventas from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 1st. Raymond James upped their price target on shares of Ventas from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, January 9th. StockNews.com started coverage on shares of Ventas in a research report on Thursday, March 16th. They set a “sell” rating for the company. Finally, Royal Bank of Canada dropped their price objective on shares of Ventas from $56.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.09.

Ventas Profile

(Get Rating)

Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties.