Carrera Capital Advisors Buys New Position in Ventas, Inc. (NYSE:VTR)

Key Points

• Carrera Capital Advisors has acquired a new stake in Ventas, Inc., purchasing 63,173 shares valued at approximately $4.37 million, making it the firm's 16th largest holding.
• Despite insider sales, with CFO Robert F. Probst selling nearly 30,000 shares, institutional investors own 94.18% of Ventas shares, reflecting strong institutional interest.
• Wall Street analysts have mixed ratings on Ventas, with a consensus rating of "Moderate Buy" and a target price of $72.90, amid various recent target price upgrades and downgrades.

Carrera Capital Advisors bought a new stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,173 shares of the real estate investment trust's stock, valued at approximately $4,374,000. Ventas accounts for 1.0% of Carrera Capital Advisors' holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also modified their holdings of VTR. Cloud Capital Management LLC bought a new position in shares of Ventas in the first quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Ventas by 1,334.6% in the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock worth $26,000 after buying an additional 347 shares in the last quarter. Franchise Capital Ltd purchased a new position in shares of Ventas in the first quarter worth $32,000. Rossby Financial LCC purchased a new position in shares of Ventas in the first quarter worth $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ventas in the first quarter worth $41,000. 94.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VTR has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on shares of Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Scotiabank boosted their target price on shares of Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. raised shares of Ventas from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $72.00 in a report on Monday, June 23rd. Finally, Wall Street Zen downgraded shares of Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.90.

Insider Activity

In other news, CFO Robert F. Probst sold 29,493 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $66.29, for a total value of $1,955,090.97. Following the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,160,849.56. This represents a 14.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter C. Rakowich sold 1,459 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total transaction of $93,025.84. Following the completion of the transaction, the director owned 27,454 shares in the company, valued at approximately $1,750,467.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 343,588 shares of company stock worth $22,415,190. Insiders own 0.80% of the company's stock.

Ventas Price Performance

Ventas stock opened at $66.48 on Friday. The company has a market cap of $30.00 billion, a price-to-earnings ratio of 201.45, a PEG ratio of 2.39 and a beta of 0.87. The firm's fifty day moving average is $64.04 and its 200 day moving average is $64.77. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.10. Ventas, Inc. has a 52-week low of $53.09 and a 52-week high of $71.36.

Ventas (NYSE:VTR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Ventas had a net margin of 2.80% and a return on equity of 1.36%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Monday, June 30th. Ventas's dividend payout ratio is currently 581.82%.

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.

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