Bank of Stockton Makes New $410,000 Investment in Ventas, Inc. (NYSE:VTR)

Bank of Stockton purchased a new position in Ventas, Inc. (NYSE:VTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the real estate investment trust’s stock, valued at approximately $410,000.

A number of other large investors also recently modified their holdings of the business. Evoke Wealth LLC bought a new position in Ventas in the 4th quarter valued at about $6,947,000. Wellington Management Group LLP raised its holdings in Ventas by 405.5% during the fourth quarter. Wellington Management Group LLP now owns 171,194 shares of the real estate investment trust’s stock worth $8,532,000 after purchasing an additional 137,327 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Ventas in the first quarter worth approximately $1,005,000. Nomura Holdings Inc. bought a new position in Ventas during the 4th quarter valued at $3,560,000. Finally, Centersquare Investment Management LLC increased its position in shares of 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 valued at $345,667,000 after purchasing an additional 802,546 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction 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. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Debra A. Cafaro sold 40,079 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction on Thursday, August 1st. The shares were 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 directly owns 104,295 shares of the company’s stock, valued at approximately $5,761,255.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,863 shares of company stock worth $3,682,554. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VTR shares. Wells Fargo & Company upped their price objective on Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI boosted their target price on shares of Ventas from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Royal Bank of Canada raised their target price on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Scotiabank upped their price target on Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.31.

Ventas Stock Up 0.6 %

Shares of VTR stock traded up $0.34 on Friday, reaching $59.58. 1,879,828 shares of the company’s stock traded hands, compared to its average volume of 2,293,822. The company has a market capitalization of $24.12 billion, a P/E ratio of -313.58, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. Ventas, Inc. has a 12-month low of $39.33 and a 12-month high of $59.85. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50 day moving average price is $54.19 and its two-hundred day moving average price is $48.36.

Ventas (NYSE:VTR) last released 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). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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 revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. On average, equities analysts forecast that Ventas, Inc. will post 3.16 earnings per share for the current year.

Ventas 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.