Legacy Wealth Asset Management LLC Takes Position in Ventas, Inc. (NYSE:VTR)

Legacy Wealth Asset Management LLC acquired a new position in shares of Ventas, Inc. (NYSE:VTR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,034 shares of the real estate investment trust’s stock, valued at approximately $259,000.

A number of other institutional investors also recently bought and sold shares of VTR. Massachusetts Financial Services Co. MA purchased a new position in Ventas in the second quarter worth approximately $135,425,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Ventas during the 2nd quarter worth about $73,517,000. Centersquare Investment Management LLC raised its holdings in Ventas by 11.5% in the 1st 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 buying an additional 802,546 shares during the period. Zurich Insurance Group Ltd FI lifted its position in Ventas by 217.4% in the second quarter. Zurich Insurance Group Ltd FI now owns 856,525 shares of the real estate investment trust’s stock valued at $43,905,000 after buying an additional 586,676 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Ventas by 1,247.7% during the second quarter. Mackenzie Financial Corp now owns 496,531 shares of the real estate investment trust’s stock worth $25,452,000 after buying an additional 459,689 shares during the period. 94.18% of the stock is owned by hedge funds and other institutional investors.

Ventas Stock Down 1.5 %

VTR stock opened at $64.97 on Friday. The company’s 50 day moving average price is $63.06 and its 200 day moving average price is $54.62. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of -162.42, a PEG ratio of 2.87 and a beta of 1.36. Ventas, Inc. has a fifty-two week low of $40.98 and a fifty-two week high of $66.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58.

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

Ventas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas’s dividend payout ratio is presently -449.99%.

Insiders Place Their Bets

In other news, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction on Tuesday, August 6th. The shares were 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 directly owns 986,717 shares in the company, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,065 shares of company stock valued at $4,526,464 in the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VTR. Royal Bank of Canada upped their price objective on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Scotiabank raised their price target on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Wolfe Research upgraded Ventas to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com cut Ventas from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ventas currently has an average rating of “Moderate Buy” and an average price target of $63.63.

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.