Ventas, Inc. (NYSE:VTR) CEO Sells $389,940.00 in Stock

Ventas, Inc. (NYSE:VTR) CEO Peter J. Bulgarelli sold 6,000 shares of the business’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 transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ventas Price Performance

Shares of NYSE VTR opened at $65.06 on Friday. The stock has a fifty day moving average price of $57.79 and a 200 day moving average price of $50.25. Ventas, Inc. has a 1-year low of $39.33 and a 1-year high of $65.64. 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 $26.88 billion, a PE ratio of -342.40, a P/E/G ratio of 2.89 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Evercore ISI lifted their target price on Ventas from $61.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. 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 research report on Friday, August 9th. Scotiabank raised their price target on Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.91.

Hedge Funds Weigh In On Ventas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its stake in shares of Ventas by 19.5% in the fourth quarter. Private Advisor Group LLC now owns 9,739 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 1,586 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Ventas during the 4th quarter worth $208,000. BNP Paribas Financial Markets grew its stake in shares of Ventas by 30.8% during the 4th quarter. BNP Paribas Financial Markets now owns 466,980 shares of the real estate investment trust’s stock worth $23,274,000 after purchasing an additional 110,083 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Ventas by 9.9% in the 4th quarter. QRG Capital Management Inc. now owns 24,125 shares of the real estate investment trust’s stock valued at $1,202,000 after purchasing an additional 2,170 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Ventas by 16.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 30,496 shares of the real estate investment trust’s stock valued at $1,520,000 after purchasing an additional 4,198 shares during the period. Institutional investors and hedge funds own 94.18% 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.