MAI Capital Management Buys 782 Shares of Ventas, Inc. (NYSE:VTR)

MAI Capital Management boosted its stake in shares of Ventas, Inc. (NYSE:VTR) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 15,969 shares of the real estate investment trust’s stock after purchasing an additional 782 shares during the period. MAI Capital Management’s holdings in Ventas were worth $1,024,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Ventas in the 2nd quarter worth about $135,425,000. ANTIPODES PARTNERS Ltd bought a new position in Ventas in the 2nd quarter valued at approximately $73,517,000. Zurich Insurance Group Ltd FI boosted its stake in Ventas by 217.4% during the 2nd 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 purchasing an additional 586,676 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Ventas by 1,247.7% in the 2nd quarter. Mackenzie Financial Corp now owns 496,531 shares of the real estate investment trust’s stock worth $25,452,000 after purchasing an additional 459,689 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Ventas during the first quarter valued at $19,551,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Price Performance

Shares of Ventas stock opened at $64.30 on Friday. The stock has a 50 day moving average of $64.14 and a 200 day moving average of $57.31. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $67.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. The firm has a market cap of $26.97 billion, a PE ratio of -378.21, a PEG ratio of 2.97 and a beta of 1.36.

Ventas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were paid 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 2.80%. Ventas’s payout ratio is currently -1,058.76%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VTR. Royal Bank of Canada boosted their price objective on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Evercore ISI boosted their price target on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wedbush increased 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. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.63.

Insider Buying and Selling

In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction 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 directly owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. The trade was a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 121,248 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total transaction of $8,022,980.16. Following the transaction, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $65,291,063.89. This trade represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,454 shares of company stock worth $9,263,815. Corporate insiders own 1.00% of the company’s stock.

About Ventas

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.