Corebridge Financial Inc. Decreases Stock Holdings in Ventas, Inc. (NYSE:VTR)

Corebridge Financial Inc. reduced its position in Ventas, Inc. (NYSE:VTR) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,327 shares of the real estate investment trust’s stock after selling 3,182 shares during the period. Corebridge Financial Inc.’s holdings in Ventas were worth $5,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Ventas by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 66,501,010 shares of the real estate investment trust’s stock worth $3,916,244,000 after purchasing an additional 912,813 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ventas by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,557,480 shares of the real estate investment trust’s stock worth $1,767,261,000 after purchasing an additional 599,600 shares in the last quarter. State Street Corp increased its position in Ventas by 2.2% during the 3rd quarter. State Street Corp now owns 26,671,227 shares of the real estate investment trust’s stock valued at $1,710,426,000 after buying an additional 581,870 shares in the last quarter. Geode Capital Management LLC increased its position in Ventas by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,411,293 shares of the real estate investment trust’s stock valued at $665,559,000 after buying an additional 245,922 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ventas by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,028,015 shares of the real estate investment trust’s stock valued at $296,100,000 after buying an additional 123,937 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Stock Performance

NYSE VTR opened at $68.74 on Friday. The firm has a market capitalization of $30.05 billion, a P/E ratio of 361.81, a PEG ratio of 2.59 and a beta of 1.37. The stock has a 50-day simple moving average of $64.99 and a two-hundred day simple moving average of $63.27. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $71.04.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. On average, equities analysts forecast that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Ventas’s previous quarterly dividend of $0.45. Ventas’s dividend payout ratio (DPR) is currently 1,010.53%.

Analyst Upgrades and Downgrades

VTR has been the topic of several recent analyst reports. Mizuho upped their price objective on shares of Ventas from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. upped their price target on shares of Ventas from $71.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Baird R W upgraded shares of Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Royal Bank of Canada upped their target price on Ventas from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Argus set a $75.00 target price on Ventas in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Ventas currently has a consensus rating of “Moderate Buy” and an average price target of $72.90.

Insider Buying and Selling at Ventas

In other news, CAO Gregory R. Liebbe sold 3,866 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $63.00, for a total value of $243,558.00. Following the completion of the sale, the chief accounting officer now directly owns 11,371 shares in the company, valued at $716,373. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Debra A. Cafaro sold 214,679 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $68.22, for a total value of $14,645,401.38. Following the transaction, the chief executive officer now owns 1,138,143 shares in the company, valued at $77,644,115.46. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 260,227 shares of company stock valued at $17,769,097. Corporate insiders own 1.00% of the company’s stock.

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.