Ventas, Inc. (NYSE:VTR) Shares Sold by Patten Group Inc.

Patten Group Inc. cut its holdings in shares of Ventas, Inc. (NYSE:VTR) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,390 shares of the real estate investment trust’s stock after selling 3,609 shares during the period. Patten Group Inc.’s holdings in Ventas were worth $346,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Ventas by 405.5% during the fourth quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock valued at $8,532,000 after acquiring an additional 137,327 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Ventas during the first quarter valued at about $1,005,000. Nomura Holdings Inc. acquired a new stake in shares of Ventas during the fourth quarter valued at about $3,560,000. Centersquare Investment Management LLC grew its stake in shares of Ventas by 11.5% during the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after acquiring an additional 802,546 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Ventas in the first quarter worth about $819,000. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total transaction of $209,028.16. Following the sale, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now owns 104,295 shares in the company, valued at approximately $5,761,255.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,065 shares of company stock valued at $4,526,464 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Ventas Stock Performance

VTR opened at $61.57 on Friday. The business’s 50 day moving average is $61.46 and its 200-day moving average is $52.83. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. Ventas, Inc. has a twelve month low of $40.98 and a twelve month high of $65.64.

Ventas (NYSE:VTR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Equities research analysts expect that Ventas, Inc. will post 3.18 earnings per share for the current year.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 2.92%. Ventas’s payout ratio is -449.99%.

Analysts Set New Price Targets

VTR has been the subject of a number of research reports. Scotiabank lifted their price target on Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Evercore ISI lifted their price target on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada lifted their price target on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.11.

Ventas Company Profile

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.