3,108 Shares in Ventas, Inc. (NYSE:VTR) Purchased by Eastern Bank

Eastern Bank acquired a new position in Ventas, Inc. (NYSE:VTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,108 shares of the real estate investment trust’s stock, valued at approximately $199,000.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Ventas by 2.1% during the third quarter. Signaturefd LLC now owns 8,120 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 165 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in Ventas during the 3rd quarter valued at $246,000. Whittier Trust Co. grew its position in Ventas by 3.2% in the 3rd quarter. Whittier Trust Co. now owns 8,115 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 250 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ventas by 2.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,421 shares of the real estate investment trust’s stock worth $1,310,000 after purchasing an additional 558 shares during the period. Finally, OLD National Bancorp IN increased its stake in Ventas by 5.3% in the third quarter. OLD National Bancorp IN now owns 200,684 shares of the real estate investment trust’s stock worth $12,870,000 after purchasing an additional 10,163 shares during the period. Institutional investors own 94.18% of the company’s stock.

Ventas Price Performance

Shares of VTR stock opened at $65.96 on Friday. The stock’s 50-day moving average is $62.77 and its 200 day moving average is $54.31. Ventas, Inc. has a 1-year low of $40.98 and a 1-year high of $66.18. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $27.25 billion, a P/E ratio of -164.90, a PEG ratio of 2.87 and a beta of 1.36.

Ventas (NYSE:VTR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Ventas, Inc. will post 3.18 earnings per share for the current fiscal year.

Ventas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. Ventas’s payout ratio is -449.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. StockNews.com downgraded shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday. Wedbush increased their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada lifted their target price on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.63.

Insider Buying and Selling

In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the sale, the chief executive officer now owns 104,295 shares of the company’s stock, valued at approximately $5,761,255.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the 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 completion of the transaction, the chief executive officer now directly owns 104,295 shares of the company’s stock, valued at $5,761,255.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 40,079 shares of the business’s 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 sale, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $56,529,016.93. This 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 worth $4,526,464 in the last ninety days. 1.00% of the stock is owned by insiders.

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.