Prestige Wealth Management Group LLC Boosts Holdings in Ventas, Inc. (NYSE:VTR)

Prestige Wealth Management Group LLC increased its position in Ventas, Inc. (NYSE:VTR) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,092 shares of the real estate investment trust’s stock after buying an additional 584 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Ventas were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new position in shares of Ventas during the 4th quarter valued at approximately $27,000. Harbor Capital Advisors Inc. grew its stake in shares of Ventas by 66.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 210 shares in the last quarter. Promus Capital LLC bought a new stake in Ventas during the fourth quarter worth approximately $38,000. New Wave Wealth Advisors LLC bought a new position in shares of Ventas during the 4th quarter valued at about $41,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Ventas by 1,039.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 809 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 738 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VTR shares. Morgan Stanley increased their target price on shares of Ventas from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Baird R W raised Ventas from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Scotiabank increased their target price on shares of Ventas from $69.00 to $72.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Mizuho lifted their price target on shares of Ventas from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company upped their price objective on Ventas from $72.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.90.

Insider Buying and Selling

In related news, CEO Debra A. Cafaro sold 41,294 shares of Ventas stock in a transaction on Friday, February 28th. The shares were sold at an average price of $69.08, for a total value of $2,852,589.52. Following the transaction, the chief executive officer now owns 1,138,143 shares in the company, valued at $78,622,918.44. This trade represents a 3.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory R. Liebbe sold 3,866 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $63.00, for a total value of $243,558.00. Following the sale, the chief accounting officer now directly owns 11,371 shares of the company’s stock, valued at approximately $716,373. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 260,227 shares of company stock valued at $17,769,097. Company insiders own 1.00% of the company’s stock.

Ventas Price Performance

VTR stock opened at $68.18 on Tuesday. The company’s 50-day moving average price is $64.21 and its two-hundred day moving average price is $63.15. The firm has a market cap of $29.81 billion, a P/E ratio of 358.87, a P/E/G ratio of 2.59 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. Ventas, Inc. has a 12 month low of $41.45 and a 12 month high of $71.04.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.83. Ventas had a return on equity of 0.82% and a net margin of 1.65%. On average, analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Ventas’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.82%. Ventas’s payout ratio is 1,010.53%.

Ventas Company 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.