Cresset Asset Management LLC Acquires New Position in Ventas, Inc. (NYSE:VTR)

Cresset Asset Management LLC bought a new stake in Ventas, Inc. (NYSE:VTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,202 shares of the real estate investment trust's stock, valued at approximately $842,000.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in Ventas by 66.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 210 shares during the period. Promus Capital LLC purchased a new stake in shares of Ventas in the fourth quarter valued at $38,000. New Wave Wealth Advisors LLC acquired a new position in Ventas in the fourth quarter valued at $41,000. SRS Capital Advisors Inc. lifted its position in Ventas by 1,039.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust's stock worth $48,000 after buying an additional 738 shares during the period. Finally, Transce3nd LLC purchased a new position in Ventas during the fourth quarter worth about $48,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VTR has been the subject of a number of research analyst reports. Baird R W raised shares of Ventas from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. Mizuho upped their price target on shares of Ventas from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. StockNews.com upgraded shares of Ventas from a "sell" rating to a "hold" rating in a report on Wednesday. Argus set a $75.00 price objective on shares of Ventas in a research note on Friday, March 7th. Finally, Robert W. Baird raised Ventas from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $66.00 to $65.00 in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.00.

Ventas Stock Up 1.5%

NYSE VTR traded up $0.95 during trading hours on Friday, hitting $65.78. The company had a trading volume of 4,810,734 shares, compared to its average volume of 2,738,433. The firm's 50 day moving average is $66.97 and its 200 day moving average is $63.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85. Ventas, Inc. has a fifty-two week low of $46.66 and a fifty-two week high of $71.36. The company has a market capitalization of $29.69 billion, a price-to-earnings ratio of 346.24, a P/E/G ratio of 2.59 and a beta of 0.95.

Ventas (NYSE:VTR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. Ventas had a return on equity of 0.82% and a net margin of 1.65%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.92%. Ventas's dividend payout ratio is presently 581.82%.

Insider Transactions at Ventas

In related news, CEO Debra A. Cafaro sold 214,679 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $68.22, for a total value of $14,645,401.38. Following the completion of the transaction, the chief executive officer now owns 1,138,143 shares of the company's stock, valued at approximately $77,644,115.46. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Walter C. Rakowich sold 1,459 shares of Ventas stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total value of $93,025.84. Following the sale, the director now owns 27,454 shares in the company, valued at $1,750,467.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 311,481 shares of company stock valued at $21,385,983. 0.80% of the stock is currently owned by insiders.

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.