Spirit of America Management Corp NY Acquires 2,400 Shares of Ventas, Inc. (NYSE:VTR)

Spirit of America Management Corp NY lifted its holdings in shares of Ventas, Inc. (NYSE:VTR) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,450 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the quarter. Spirit of America Management Corp NY’s holdings in Ventas were worth $670,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Ventas by 405.5% during the 4th quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock worth $8,532,000 after buying an additional 137,327 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Ventas during the first quarter worth $1,005,000. Centersquare Investment Management LLC lifted its position 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 acquiring an additional 802,546 shares in the last quarter. Intech Investment Management LLC acquired a new position in Ventas in the 1st quarter worth $819,000. Finally, Zurich Insurance Group Ltd FI bought a new position in Ventas during the 1st quarter worth about $11,749,000. Institutional investors own 94.18% of the company’s stock.

Ventas Stock Performance

NYSE VTR opened at $65.96 on Friday. The firm has a market capitalization of $27.25 billion, a P/E ratio of -164.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The firm’s fifty day moving average price is $62.77 and its two-hundred day moving average price is $54.31. Ventas, Inc. has a 1 year low of $40.98 and a 1 year high of $66.18.

Ventas (NYSE:VTR) last issued its earnings results 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 net margin of 3.33% and a negative return on equity of 1.63%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Ventas, Inc. will post 3.18 EPS for the current year.

Ventas Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VTR. Royal Bank of Canada upped their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Scotiabank raised their price target on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Finally, Evercore ISI lifted their price target on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ventas presently has an average rating of “Moderate Buy” and an average price target of $63.63.

Insider Activity at Ventas

In other Ventas news, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at $9,207,444.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $58.87, for a total value of $1,177,400.00. Following the transaction, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at $9,207,444.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 40,079 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total value 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,065 shares of company stock worth $4,526,464. Company insiders own 1.00% of the company’s stock.

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.