Contravisory Investment Management Inc. Takes $523,000 Position in Ventas, Inc. (NYSE:VTR)

Contravisory Investment Management Inc. purchased a new stake in Ventas, Inc. (NYSE:VTR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,155 shares of the real estate investment trust's stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Ventas by 405.5% in the 4th 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 during the last quarter. GSA Capital Partners LLP acquired a new stake in Ventas during the 1st quarter worth about $1,005,000. Nomura Holdings Inc. acquired a new stake in Ventas during the 4th quarter worth about $3,560,000. Centersquare Investment Management LLC raised its holdings in Ventas by 11.5% during the 1st quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust's stock worth $345,667,000 after buying an additional 802,546 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Ventas during the 1st quarter worth about $819,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wolfe Research upgraded Ventas to a "strong-buy" rating in a report on Friday, August 9th. Evercore ISI boosted their price objective on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Royal Bank of Canada upped their target price on Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Wells Fargo & Company upgraded Ventas from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. Finally, StockNews.com upgraded Ventas from a "sell" rating to a "hold" rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Ventas Stock Up 2.2 %

Shares of NYSE VTR traded up $1.38 during trading hours on Friday, hitting $62.95. The stock had a trading volume of 1,457,754 shares, compared to its average volume of 2,401,483. The company has a market capitalization of $25.48 billion, a P/E ratio of -331.32, a P/E/G ratio of 2.77 and a beta of 1.36. The firm's 50-day moving average price is $61.59 and its two-hundred day moving average price is $52.89. Ventas, Inc. has a 52 week low of $40.98 and a 52 week high of $65.64. 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 - Get Free Report) last announced 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). The firm had revenue of $1.20 billion during 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 company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Analysts anticipate that Ventas, Inc. will post 3.18 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.86%. Ventas's payout ratio is currently -947.37%.

Insiders Place Their Bets

In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the company'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 completion of the sale, the chief executive officer now owns 104,295 shares of the company's stock, valued at $5,761,255.80. This represents 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 through the SEC website. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the company'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 completion of the sale, the chief executive officer now owns 104,295 shares of the company's stock, valued at $5,761,255.80. This represents 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 through the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the sale, the chief executive officer now directly owns 90,795 shares of the company's stock, valued at $5,900,767.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,065 shares of company stock valued at $4,526,464 over the last 90 days. 1.00% of the stock is currently owned by company 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.